Friday, September 15, 2006
Biosensor update...
Biosensor opens with a big gap up today and test the triangle 0.95 resistance. (In the previous biosensor post, I had mentioned that Biosensor is forming a triangle). IT hits a intraday high of 0.955 but fail to close above 0.95. As Biosensor need to break up from the triangle to see more price upside, today closing of 0.935 is bearish and it is a doji . there could be a pullback from 0.95 if biosensor not able to break up from the triangle for the next couples of days...
Wednesday, September 13, 2006
Statschippac in wave 5 ?
Statschippac closed higher at 1.03 today as overnight Nasdaq closed up strongly. From the daily chart, we can see that statschippac could be breaking up from wave 4 triangle and enter wave 5 up. As wave 3 brought statschippac from 0.87 to 1.05 three weeks ago and then enter wave 4 for about 3 weeks, It is likely that statschippac is ready for wave 5 as the charting shows. If my wave count is correct, wave 5 target is....
Thursday, September 07, 2006
The Sep 4 aftermath of biosensor...
The biosensor fierce Sep 4 selldown forms a wider triangle as shown in the daily chart above. IT will be trading in between the triangle until a break up from the triangle at around 0.95. If biosensor not able to break up strongly from the 0.95 triangle resistance, a pullback could hold it in the triangle provided that triangle support must hold and not be broken...
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