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Keryx Biopharmaceuticals Inc. Message Board

  • josephanastasiw josephanastasiw Nov 7, 2013 7:28 PM Flag

    Interesting 3-month chart...

    Check out www.nasdaq.com and after you type in KERX go down to interactive chart and set it to 3-month time frame. Show chart as candlesticks to see what I am referring to. If you draw a straight line from the intra day highs on 9/6, 9/17, 9/25, 10/2, 10/17 & 10/18 you will get a pretty straight line of resistance. If you extend the line further through today, you will see pretty clearly that this line now serves as support. See where 11/5, 11/6 & 11/7 land versus the line. Coincidence, I think not. The stock should hold here until the line keeps moving up and to the right. At some point if we break this line, we will retrace back to the $11.10 level to close the gap. I would expect this to happen after next week when all the news is out for awhile. I would expect a small push back up through Monday around noon, then the short pressure will start to depress the PPS back to where the news was announced. That would provide us with a 25% correction from the $14.75 high made today. This is so text book it's not funny. If we break and close one day below this line, we will not make another high until gap is closed. Watch and see.

 
KERX
18.00-0.19(-1.04%)Sep 2 4:00 PMEDT

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