Technical Analysis of Financial Markets
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2006
(71)
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June
(13)
- Dow Jones - Inverse Head & Shoulders
- Apple Computer, Inc. (AAPL) - Adam & Eve Double Bo...
- Insteel Industries, Inc. (IIIN) - Inverse Head & S...
- Dell Inc. (DELL) - Possible Double Bottom
- Dow Jones - A Setup Rally ?
- FTSE 100: End of Bull-Market 20/03/2003 to 13/06/2...
- 10% Correction ?
- Hansen Natural Corp. (HANS) - Descending Triangle ...
- Dupont Co. (DD) - Head & Shoulders ?
- Dow Jones - Bear Hug
- Take-Two Interactive Software, Inc (TTWO)
- Peregrine Pharmaceuticals, Inc (PPHM) - Bullish Sy...
- NutriSystem, Inc (NTRI) - Diamond Top ?
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June
(13)
Monday, June 05, 2006
Peregrine Pharmaceuticals, Inc (PPHM) - Bullish Symmetrical Triangle Breakout
PPHM has broken out to the upside of a Symmetrical Triangle formation. The pattern forms on declining volume and a breakout is confirmed with a surge in volume. Additionally, the OBV has confirmed the breakout with smart money flowing in. RSI is approaching the overbought region so a pullback may be due at which point may represent a good re-entry point - watch Fibonacci levels for possible support; 38.2% retracement is a 6% pullback at $1.71 approx.
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