Print

Please login or register.
1 Hour 1 Day 1 Week 1 Month Forever
Login with username, password and session length

[CU]

2007-09-02 daily chart ($0.855)

Bio-Treat Technical Analysis:

Comments:

daily Chart - Bio-Treat completed a bearish Double-Top target objective and staged a strong recovery since hitting a low of $0.67 on 17/8. Stock price is now right along previous neckline region with potential 61.8% retracement resist ahead at $0.875 level. Daily macd maintained in negative position and is similarly approaching trendline resist

Conclude: looking at the current weak volume support, and a couple of "gap-up" situatoins over last two weeks, the current rally is in doubt to last and likely to resume its downtrend move to "fill-up" at least one or two of these gaps

[CU]

this is worrying ... ... am I seeing a mirror image back in 2005~2006 ?? Weekly macd has gone into negative, 10/40wk MA "dead cross" observed. Will it be the same magnitude ? I dun know.. hopefully not.

"Not always the history will repeat, but the history will just repeat somehow, somewhere, sometime later..."

[HC]

Bio-Treat (2008-04-17  Closing Price $0.43)

Support broken with high volume, bad sign.

[HC]

Bio-Treat (2010-01-17 Closing Price $0.115)

Recently Bio-Treat breakout from a very long base on high volume, and started to retrace last few days, with reducing volume and candle bodies.    This looks like a flag formation in progress to me.  Monitor to catch upside flag breakout, with target at 0.16/0.20+-.