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Biotech / Medical : Biotech - Technical Analysis
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To: SnowShredder who wrote (330)4/11/2002 10:19:15 AM
From: rolatzi   of 544
 
BTK is forming a perfect pennant going back to 4/20/2000 with rising support and declining resistance lines.
Current resistance is around 570. I'm agnostic about in which direction it will resolve but having biotech stocks in my portfolio, I hope it will resolve to the up side. The formation can continue for another six months or so without resolving.
Ro
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