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Biotech / Medical : Univec (UNVC) -- Ignore unavailable to you. Want to Upgrade?

To: scott_jiminez who wrote (175)	6/29/2003 2:03:56 PM
From: Charles Kalb	Respond to of 181

Scott.......TA comments on UNVC............ I'm following two technical formations which were confirmed by Thursday's close at 0.11 on huge volume, which you've noted. The first is a rectangle going back to mid-November 2002. I like to use Standard Error Channels (SEC) in place of manually placed and estimated rectangles. The minimum Target for the SEC breakout is 0.131 (one channel height), which is 38% above Friday's close at 0.095. On strong breakouts from channels, and it remains to be seen if this is a strong breakout or not, it is not uncommon to have a run of at least three channel heights; if that happens, the SEC Target is 0.239, which is 152% above Friday's close at 0.095. The second confirmed formation is a Cup & Handle with a Target of 0.169, which is 78% above Friday's close at 0.095. Friday's partial retracement of Thursday's gain might be seen as a retest of the C&H Lip breakout level which I have as 0.090 on my chart. Hopefully 0.090 will hold. Considering that the present run started from a low of 0.030, UNVC might need a short rest, and the chart might be painting a Bull Flag now.