Charts on Near Term Uotrends Message Board

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Strategies & Market Trends : Charts on Near Term Uotrends

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To: J.S. who wrote (747)	12/27/2004 2:57:57 PM
From: Jibacoa	Read Replies (1) of 1404

Re: IMMR The stock is trading today above its Sep.22 intra-day H of 7. The volume,so far, of 620,670 is already higher than the 374,500 traded on Thursday and the 523,800 traded on Dec.1 but it seems that won't be able to match the Sep.22 volume of 1,654,530 The next resistance is now the April 23 H of 7.68 and then the April 16 H at 8.20 before it can test the more important looking one at 8.35 from the April 8 H. The first support is now at 7 and then 6.85 6.65 and 6.50 (from the recent intra-day Hs) before the more important support at 6. The stock still seems to be responding to the earlier news: biz.yahoo.com And not apparently affected by the new convertibles: biz.yahoo.com Revenues have been better in the last 4 Qs compared to previous year, but not on a sequential basis and so far have not been able to cut on the recurrent loss. bigcharts.marketwatch.com Bernard

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