Trinity Biotech (TRIBY) Message Board

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Biotech / Medical : Trinity Biotech (TRIBY)

TRIB 0.830

0.0%

Nov 21 9:30 AM EST

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To: ChinuSFO who wrote (8957)	4/19/1998 10:48:00 PM
From: HeyRainier	Read Replies (2) of 14328

[ Technical Picture ] CR, On 4/14/98 (Tuesday of last week), TRIBY bounced off three key support levels simultaneously: the short term up trend line, the 50 dma, and the 89 dma. In hindsight, it is not surprising to see the subsequent strength the issue faced, but note that the advance did occur on relatively lower volume. The stock price will continue to be constrained to the upside by the upper Bollinger Band. Near term, the price may be approaching overbought levels. On a trend following basis, TRIBY continues to remain attractive, and has bullish characteristics. There will be some resistance from the 2.75 range. Regards, Rainier

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