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Biotech / Medical : Biotech & Pharma.T.A, -- Ignore unavailable to you. Want to Upgrade?


To: JMarcus who wrote (398)9/27/2003 8:55:29 PM
From: Jibacoa  Read Replies (1) | Respond to of 3722
 
Marc:

The NBI had a double top (September 9-September 19) at the 800 level.
Had a down-gap on September 22, which was unable to close on September 23 and September 24 (having another double top at the 788 level)On September 24 the downtrend accelerated as it crossed the M average line (then at 773)It closed at the L for the day (749)The next day (September 25)it crossed the L average line (then at 737)and it closed at 734,( not far from its intraday L of 731.)

On Friday it closed again at the L for the day (711)

The PSML data on Friday was: 711 744 761 and 736 (As you can see, the S is now below the M and the P is at the bottom.)

The nearest support seems to be the August 18 H (708)and the nearest resistance at the L average line (736)

At the time of your posting, it had attempted a rally from the 714 L at 12.45PM (It was able to get to the 723 level at 1.35PM, but after slight dip to 719 the second attempt to rally was cut short at the 722 level at 2.45PM)

bigcharts.marketwatch.com

stockcharts.com

Bernard