Rick,
To complement your LSBC charts, here's a look at possible peak temperatures (low of 1.40) in lock-up hell for MCLS:
siliconinvestor.com
I'll venture to make some observations about the chart, FWlittleIW.
Note steady volume and potential resistance between 2.0 and 2.25. The stock seems to be making headway against that today. The RSI is uptrending but with room to go before looking overbought. Ditto the stochs, which saw a bullish crossover a few days ago. IMO, the chart shows technical ability to break this resistance barrier and stall at 3. Effects of future news items excluded from guess. Methinks this is a buy under 2, should the market go south near term. It could blast to 3 quickly from there.
Will update AGNT, also near bottom, in a day or so -- soon as I listen to the CC. See fresh comments on EBIO over at das Trickle thread.
Edit: One could also look at it from the swing trader/tick pattern point of view. It implies a fakeout is taking place, and that in the intermediate term, the stock could go to the 4.5 range. But this ignores the external economic environment, and I, too, take the charts with a grain of salt.
Cheers, Tuck |
