Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 206.36

+1.4%

Nov 26 3:59 PM EST

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To: tonyt who wrote (12021)	12/3/1997 3:20:00 PM
From: Proton	Read Replies (1) of 32384

Re: Support and Resistance Well, whatever it opened at, the fact remains that 13 3/4's which was once a 'floor' of support is now a 'ceiling' of resistence. Will you be advocating long Ligand positions on a penetration of 13 3/4, then? The sixty-minute and daily charts of LGND show interesting congestion patterns and temporary bottoms in the 13.5-14 range (there's your d--- evidence, Henry). I agree that there is resistance in this range. As often happens, action at the round prices will resolve this tension. A drop below 13 will be compelling evidence that the December uptrend has been broken. A move above 14 looks good to 15.5 The charts really do tell more than the bid-ask, people. Of course, the science and revenues end up trumping both. Pý

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