Biotech - Technical Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Biotech - Technical Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: IRWIN JAMES FRANKEL who wrote (22)	2/3/2001 8:26:19 PM
From: Jibacoa	of 544

IJ: ABGX: Remains on a down-trend coming down from the 93 level(That was the intra-day Hs on Oct.25, Nov.3, Nov.6, Nov.7& Nov.8). The attempt to rally on Nov.15 & 16 from the L of Nov.14 at 62.56 went only back to 76.18(short of the resistance at the 81 level). The other attempt to rally from the Nov.L of 43.87 went to an intra-day H of 74.50 on Dec.11 (That again remained below the 76.18 H of Nov.16) The last rally attempt from the L of Jan.8 at 30.50 went back to the intra-day H of Jan.24 at 52 (that brought if back to the down trend line and was below the resistance at the 57-58 level from the Ls of Dec.26,26, 27,28 &29) The down-drift has persisted from the Jan.25 intra-day H of 51.25 to the Close at 38.93 yesterday. Although it closed Friday near the day's L, it may find support at this level, which was also the L of Jan.17,18 & 19. If that doesn't hold then it will probably test the next support at the intra-day & close of Jan.8 (30.50 to 34.93) It has to close above the 65 level in order to "break" the downtrend form the Oct-Nov. Hs. Of course all of the above is IMHO and I could be quite wrong. If I have time during the week-end I will look at some of the others in the list. RAGL Bernard

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next