HBX was approved for listing on the NASDAQ and will begin trading tomorrow under the new symbol HNAB. Technically price action is forming a great looking ascending triangle lookin ready to pop on a break of the neckline of 11.00 and approaching to fill the long term gap at 12.00.
I'll be looking for an entry off support or on a break of the neckline.
-fous
Breakout now from ascending triangle ;)
Quote from: Terlisa on April 21, 2006, 01:45:49 AM
Breakout now from ascending triangle ;)
Sure did Terlia/Allister.
Count me in at the market open >:D
stop = 10.50 support/13 ema
-fous
Could this be the start of a reversal for HNAB?
I am not expecting it to move like a high speed train but I like what I am seeing here and took a position yesterday.
Cheers
News-
Hana Biosciences Receives Fast Track Designation for Marqibo for the Treatment of Relapsed Acute Lymphoblastic Leukemia
http://biz.yahoo.com/pz/070822/125402.html
Here we are back to HNAB :) ... I am going to accumulate at these bargain prices once again.
If you look at the entire biosector you'll see many stocks being taken down to levels that we haven't seen in a long time. I am guessing tax selling is the main cause but for me it is a huge buying opportunity.
Cheers