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123tom

06/12/14 3:51 PM

#977 RE: biotech2010 #976

ok, so maybe the next big dip is the best one to buy.

while price hits this resistance zone at 1420 area, and the support zone below is really the 50 ma area around 12 dollars, and the 20 ma around 12.50.... how soon and how likely is the Russell listing?

IF GALT has time to pull back. the target zone really is that 12.00-12.50 area currently. and I wouldn't rule out the lower support around 11.50 as well.

Heres what long term IBB and XBI indexes look like.

http://stockcharts.com/c-sc/sc?s=IBB&p=W&yr=2&mn=0&dy=0&i=p61255421665&r=1402602429390


http://stockcharts.com/c-sc/sc?s=XBI&p=W&yr=2&mn=0&dy=0&i=p62870109105&r=1402602523558

and here's GALT chart....I'm waiting for a pullback.

http://stockcharts.com/c-sc/sc?s=GALT&p=W&yr=1&mn=6&dy=0&i=p57601188539&r=1402602588071


http://stockcharts.com/c-sc/sc?s=GALT&p=D&b=5&g=0&i=p59061887776&r=1402602838017