PHARMION CORP
(PHRM-Nasdaq):
Technical Viewpoint: From a low
of $20.24 on Mar 17, 2004 prices
rallied, reaching a
high of $26.08
on Apr 1, 2004. A
decline saw prices pull back, reaching a
low of
$20.60 on May 5, 2004.
Another rally saw prices penetrate
resistance, closing 5/12/04
at $27.90. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 12, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $21.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 12, 2004. A P&F upside
reversal takes place at $26.50. Summary: Technical indicators have turned bullish. BUY! PHARMION CORP
(PHRM-Nasdaq) @ $28.25 Stop: Use a protective stop of $26.25.
PHARMION CORP is currently trading @ $27.90 plus $3.66 on May 11, 2004. Price Objective:
$39.00. Risk/Reward: $2.00 VS. $10.75. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$39.00
Risk/Reward:
$2.00 VS. $10.75
Risk/Reward Ratio:
5:1
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