Analysis, comments and opinions on Australian companies - particularly biotech companies - and overall Australian economy and sharemarket with fundamental and technical analysis.
Wednesday, January 4, 2012
Technical Analysis - Bird Flu, Biota and Uptrend
A Bus Driver in Southern China Dies of Bird Flu. Could the Deadly Virus Strike Again?
Hong Kong Urges Bird-Flu
With all the news of Bird Flu perhaps it is time to look at Biota again.
A quick technical look on the graph below shows that it is possibly developing an uptrend. Without any complex technical indicators, price action alone does seem to indicate that things can get interesting and worth a more detailed look. Recall the Weinstein method and the CAN-SLIM method talks about getting in early at such price signals.
The pink smooth curve is the stop signal, the green curve is the moving average, black curve is the main price action.
The smaller graph below is a proprietary indicator showing that it is in an uptrend (RT value > 0.0)
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