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Biotech / Medical : Biotech - Technical Analysis

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To: Jibacoa who wrote (435)	6/20/2002 12:45:37 PM
From: Jibacoa	Read Replies (1) of 544

IMCL is also testing its October 1999 L (8.12) after today's downgap.(The intra-day L at 11AM was 8.90) siliconinvestor.com On the monthly chart one can see also that the price never got back above the intermediate trend line since the downturn started in December 2001. (The steep decline to the 16 level also almost matches the the steep uptrend from the 16 level from December 1999 to March 2000. That will be the level to watch when and if there is a comeback.There isn't a complete match since the fall is usually faster than the rise and it took 2 months less.<g>) siliconinvestor.com Bernard

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