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BTK-Biotech Index

 
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arthur
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PostPosted: Wed Nov 17, 2004 8:30 pm    Post subject: BTK-Biotech Index Reply with quote
BTK (a biotech index) may be creating another bullish inverse head & shoulders pattern. There may be strong support at the 50 and 200 day MAs. A break above neckline (green line) may be bullish. Consequently, there may be little risk with BBH (biotech holders ETF) or AMGN (largest component of BBH). RSI and MACD made higher lows (lines not drawn).

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