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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: cannonball who wrote (7299)4/3/2005 4:11:19 PM
From: Vendit™   of 8752
 
cannonball

BIPH is back in the buy zone with stochastic buy signals almost in place as of close on Friday. An entry at open should take the stock to resistance at 3.00 within one or two sessions.

The setup would a BUY AND HOLD “ABOVE” 2.75. The safe sell target would be 3.00 however the stock has potential to move above that level.

If the stock moves below 2.75 I would not enter as this would point to technical weakness and a breakdown of the current setup.

139.142.147.218

Reid
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