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Biotech / Medical : GNBT Generex
GNBT 0.00Jan 27 4:00 PM EST

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To: manny t who wrote (126)3/14/2006 2:06:47 PM
From: Hawkmoon  Read Replies (2) of 310
 
A bit of a cup and handle forming on the 60 minute chart:

bigcharts.marketwatch.com

I definitely think we're going to break the "pennant" formation on the daily to the upside. This indicates a higher price is expected since most traders recognize this formation.

At 2.35/share, the mmkrs STOMPED on the ask in order to thwart a breakout before their set. But the inevitable can only be put off so long.

bigcharts.marketwatch.com

Hawk
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