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SciClone Pharmaceuticals, Inc. Message Board

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  • pennywise6678 pennywise6678 Jun 10, 2005 12:33 PM Flag

    technicals another view


    Please help me a little here--I'm a novice at charting. Correct me if I am wrong, but we followed the same pattern last week: Early last week the price was in a holding pattern, then the price went up to just over $3.50 on 2 days of heavy volume, then consolidated back to about $3.20 last Friday.

    It looks to me like we are closely following that pattern again this week--the price was in a holding pattern on Mon and Tues--shot up to just over $4.50 on a couple days of heavy volume, and has now consolidated back to around $4.20 all morning.

    Following this pattern for a projection...Could it be possible that we are going to stabilize in the low $4s for today and Mon/Tues of next week, before punching through $5 on Wed and Thurs as we approach June Option expiration on Fri? The pattern seems pretty clear to me--but I'm a novice and I would really appreciate your opinion.

    Kind regards,

9.17+0.12(+1.33%)4:00 PMEST