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Biotech / Medical : Ligand (LGND) Breakout!
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To: Hippieslayer who wrote (21848)6/4/1998 2:30:00 PM
From: shasta23  Read Replies (2) of 32384
 
The medium term uptrendline(since early 1997) is now around 11 7/8-12 which i would consider rock bottom for the stock right now. uptrendline is at 11 now. If that line breaks we would not be in an uptrend any more.
When i look at my weekly charts then i would expect the stock to linger for a few more weeks in this area 13-14 but then most parameters(Money flow, CCI, TRIX etc) should have bottomed and turning up.

Stefan
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