Biotech - Technical Analysis Message Board

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Biotech / Medical : Biotech - Technical Analysis

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To: XenaLives who started this subject	1/26/2003 11:47:36 AM
From: XenaLives	Read Replies (1) of 544

Technical musings: I have been following ORCH for a couple of years now and watching it VERY closely for the last nine months or so. I have a good chunk of my portfolio in it right now. Biomaven brought LYNX on Subject 26145 this board and when I went to check it out I started doing a comparative chart study. I have been reading their board and checking the charts. The situations of ORCH and LYNX are similar (important technology, close to break even, delisting and reverse split issues). There is a good comparison in the long term charts, note that MACD rebound is much more dramatic in ORCH because it was an IPO during the three year period. bigcharts.com bigcharts.com A very strong similarity in the two year daily chart: bigcharts.com bigcharts.com I see an important difference though. It appears that ORCH may have already had a clear capitulation in volume and price. LYNX (which I want to buy next week after looking at the charts) may be just beginning that phase or takeover may have been gradual enough (inst interest seems to be higher in LYNX than in ORCH biz.yahoo.com and retail capitulation will not be as dramatic. bigcharts.com bigcharts.com ORCH is also trading closer to the 50 EMA than LYNX. This and the perceived capitulation makes me think it could turn around more quickly than LYNX. bigcharts.com bigcharts.com Of course, these are just my personal theories. They are subject to change and I really don't recommend anyone trade on my technical theories - do your own DD.

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