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Biotech / Medical : Ionis Pharmaceuticals (IONS) -- Ignore unavailable to you. Want to Upgrade?


To: LLCF who wrote (2417)12/29/1998 1:19:00 PM
From: Scott H. Davis  Read Replies (1) | Respond to of 4676
 
I'm not primarily TA oriented, but as I posted recently, there was a very clear ascending triangle chart formation. Baring either bad news or a major market downturn the results last 2 days came as no surprise. Fro those not familiar with this, there was a horizontal line of highs this fall around 12, with an upsloping pattern of progressively higher lows. Shows more buying pressure than selling and the breakout was clearly comming. A good news release in Jan and we'll be in good shape. Scott