3SOF

  18.66 $ support

hit it almost perfect (low of 18.64  )

Very good entry point imo, am considering again...

On the linear chart the stock went to the trend line and former support at the center B band



If it fails here the next level is at the 50-day and line shown

Well I'm out now.  So it can continue to go up for the rest of you 

Good luck

Bought back in at $17.40

Where is the bottom on VPHM?  Other biotechs are starting to get some support ie vrtx, mnta, agix  - why not VPHM with its great fundamentals?

My guess is that it wants to fill the gap to 16.86 now, and possibly take a bounce near the 50 MA, which today stands at 16.44.  If it fills the gap, this will also be a 50% fib retracement from the original breakaway gap on the 16th August to the recent high, so may signal a return to upward movement.

Not sure if it will go that low, but if it comes down to close the gap, I may take a position again, closing out on it if it dips below the 50 MA, which I believe would be quite bearish.

Well, I don't know if anyone else was watching but VPHM did exactly as I predicted today - pulled back to the 50 MA, closing the gap and then exploded!!

Unfortunately I slept in this morning (I'm on the west coast, so sometimes its hard to be up at 6:60 for market open)  By the time I woke up it had made its correction.  Filled a position at 17.80, which as it happened was the short term high when I bought, and it pulled back some, but then blew up in the afternoon!!

I'm gonna hang onto this one now into earnings, I think that VPHM has got plent of room to move now and the indicators look to be turning positive.  I hopee there were other VPHM watchers that got in today as well, and I hope they got a better position than me

As I see it, next resistance is around $19 - lets hope we see it up theere tomorrow!

That's nice ScottishTrader, but Kudzu on the Yahoo Board has been talking about a bounce off of the 50 MA for 2 weeks now, even before this recent downtrend started. 

Don't brag so much...

Crikey rainman,

I wasn't bragging, and didn't mean for it to come across that way, I was just saying it did what I thought it would do, which for me at least is a nice confirmation of the analysis I made on the situation.  I'm sure that lots of people here and on the Yahoo boards predicted this one long in advance of me, and believe me, I don't claim to be any guru on these matters, its just nice (especially in this market right now) to see a stock move according to plan.  Now if only I'd taken full advantage of it...

I haven't been around here that long (only a couple of months) but since I have, I have been working on my TA a lot, and there are a lot of really good people here to learn from, and to support you when you call something right.  In fact my original post was in response to brandyjoco asking what was up with VPHM.  If you are new here, I hope you can join in the supportive atmosphere that we work hard to create and enjoy maintaining.  Believe me, this is an excellent community of traders, which if you stick around and join in, you will surely find out 

Scottish Trader your right on the money.

Good trading today all!

I'm still here.  Thanks for your encouragement a few days ago.  I got scared...arhhh

I am hoping this the market will turn around and VPHM will be on the uptrend now.

Thanks again

forgive me ScottishTrader.  It was late last night and I shouldn't have posted. 

no probs rainman, hope I didn't sound too harsh - and welcome to 3SOF

VPHM pulled back a little today, but seemed to be holding around 19.00 fairly solidly.  I'm not too sure about the technical picture here, but I hope to see VPHM pushing towards 20.00 over the coming days.

Earnings should be out in a couple weeks and that might improve things some more, but for now, I'll leave the chart.  Anyone else following VPHM more closely, please chime in with any updates on fundamentals/technicals

cheers