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Biotech / Medical : Biotech - Technical Analysis
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To: stockman_scott who wrote (180)3/18/2002 9:09:17 PM
From: Tomato   of 544
 
FWIW, I will look into my TA crystal ball...I see a long trip in your future...(ooops, those were my tarot cards..[g]).

Here's what I can tell you based on what I know of TA:

askresearch.com

1. Today's action was certainly bullish. Nice volume.

2. One could argue that there was a breakout from congestion and possibly a break of the downtrend that started around 3 months ago in mid-Dec.

3. One could also advise that it might be a decent strategy to wait until the price breaks the recent old highs around 5.80.

4. If you buy it might be a good idea to place a stop loss- always think about an exit strategy before you buy (something I should do more myself).
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