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Biotech / Medical : Biotech - Technical Analysis

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To: dalroi who wrote (329)	4/12/2002 5:29:21 PM
From: Jibacoa	Read Replies (2) of 544

Stefaan: Sorry that I didn't respond to you before, but I had to spend some time with the accountant.I thought that now that I am not receiving any wages, things would be a little simpler this time of the year. <g> The BTK's support stands at 450. It remains below its near term and longer term average lines (In other words is not yet out of its downtrend coming from its March 19 H).<g> It needs to close above 495 to get over its near term average line and above 5.20 to give a "buy signal".<g> And of course it needs to close above its March 19 H at 5.45 to confirm the up-trend.Resistance in that case would be its January 11 H at 575 and then the December 28 H at 6.05 <g> siliconinvestor.com stockcharts.com But on a day to day basis the support is now at 460 and resistance at 480.<g> siliconinvestor.com RAGL Bernard

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