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Biotech / Medical : Biotech - Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: XenaLives who wrote (371)	5/4/2002 11:52:58 PM
From: Jibacoa	Respond to of 544

MDCO Sorry Paula, but I don't see the "mystery" or understand what you mean by "control of the price", wether that be strong or weak.<g> As I see it, MDCO has been on a near term downtrend coming from its March 28 H at 14.81 It broke its near term support of 12.12 on April 19 It is trying to find support now at the 9 area, If that doesn't hold it seems it should test the 7.50 level, and if that fails then the next support is at 4.50. It opened on an up-gap on April 29 with a volume of 54,200 on the first half hour, but that was immediately followed by a down move of 65,700 in the next half hour, which closed the up-gap. The more recent half hour volume of 102,900 was slightly to the up side (9.59 to 9.62 <g>) and was then followed by a slight rally to the 10 level the next day.<g> As I mentioned it tried yesterday to find support at the 9 level, which was also the Ls on April 26 MDCO's 3 average lines remain on a downtrend pattern (9.43 10.20 and 11.37 at present )(SA,MA and LA ) with the Price at 9.21 MDCO needs to close above the April 29 H of 10.89 before it could test the resistance at 12.12, but as I mentioned, it still remains on a near term down-trend and I am not able to see the "mystery" or the "price control".<g> siliconinvestor.com siliconinvestor.com Now if you would mention MDCA, that is a different pattern, but not too much of a "mystery" either.<g> siliconinvestor.com siliconinvestor.com RAGL Bernard