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Biotech / Medical : Biotech - Technical Analysis

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To: XenaLives who wrote (10)	2/2/2001 3:40:48 PM
From: Tomato	Read Replies (1) of 544

Here's an ASK URL: askresearch.com My mongrel/hybrid approach to TA would have me going long on MLNM only when the stochastics reading goes under 10 and turns up. MLNM is below 10, 50, and 200 day moving averages and heading down, which is not a good sign to me. Looks to hit support around 40 pretty soon. If it stays above 40 and the stock bounces up it would be a good entry point, IMHO. Right now I'd stay clear. Also, the down volume seems high, which is another negative. Trend lines are down. FWIW (not much!) I'd opine that this is not a good buy-chart right now.

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