Monday, April 21, 2008

Cosco Next Objective to close gap at $3.34


Next technical objective is to fill gap at $3.34 which is also the gap resistance. Immediate resistance is 20 days EMA . Breakout above this resistance will propel price to cover gap at $3.34 and test the red bold downtrend line. Successful breakout above this major downtrend line will generate greater momentum to challenge 50 EMA resistance line followed by $3.92 and $4.02 . However, if the red downtrend is not clear expect price retracement to retest the $3.00 support.

Cosco 15 mins chart Testing Support Band


Price lost momentum after reaching $3.24 just 1 cents from mid gap resistance at $3.25 . Monitor immediate support band $3.18 to $3.15 . Support failure here will retest next support band at $3.10 to $3.08 . Need to clear $3.22 resistance to regain momentum to retest $3.24 to $3.25 resistance band. Breakout above this band will propel price to gap resistance at $3.35

Cosco 15 mins chart breakouts above Ascending Triangle



Gapped up this morning breaking above both the ascending triangle resistance at $3.04 and short term green downtrend line. Immediate resistance is $3.18. Breakout above $3.18 will propel price towards mid gap resistance at $3.25 and will challenge gap resistance at $3.35 . Immediate support is $3.10 to $3.08 support band followed by $3.04 the ascending triangle horizontal resistance turned support line.

Sunday, April 20, 2008

Courage Marine Ascending Triangle Chart Pattern


Ascending triangle is bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trendlines. In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline connects a series of increasing troughs. Traders enter into long positions when the price of the asset breaks above the top resistance. Horizontal resistance is 40.5 to 41 cents resistance band. Need to clear 41 cents resistance to proceed to next resistance at 44.5 cents. Immediate support is the internal uptrend dashed red line. Main ascending triangle uptrend support is the red bold line. Key support to monitor is the 200 days EMA support line.

Stem cell Treatments

Medical researchers believe that stem cell therapy has the potential to dramatically change the treatment of human disease. A number of adult stem cell therapies already exist, particularly bone marrow transplants that are used to treat leukemia.[25] In the future, medical researchers anticipate being able to use technologies derived from stem cell research to treat a wider variety of diseases including cancer, Parkinson's disease, spinal cord injuries, and muscle damage, amongst a number of other impairments and conditions.[26][27] However, there still exists a great deal of social and scientific uncertainty surrounding stem cell research, which could possibly be overcome through public debate and future research, and further education of the public.

Stem cells, however, are already used extensively in research, and some scientists do not see cell therapy as the first goal of the research, but see the investigation of stem cells as a goal worthy in itself

http://en.wikipedia.org/wiki/Stem_cell