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Biotech / Medical : Biotech - Technical Analysis

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To: Jibacoa who wrote (289)4/5/2002 3:09:32 PM
From: Jibacoa  Read Replies (1) of 544
 
CIPH Has been able to go through the resistance at 6.20 today.<g>

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The next resistance is now at the 6.70 level before it can test larger resistance at 6.90 and then the March 13-March 14 double top at 7.20 (That is where I am planning on adding some to my present position.<g>)

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Of course it still will have to deal with the January 3 H at 8.25, but I think it has a good chance of going back to the 12 level before year's end.<g>

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And in the mean time I expect that it should continue to outperform the general market.<g>

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Bernard
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