No replies to this topic

[Costa]

Lion Biotechnologies Inc (NASDAQ:LBIO) definitely broke the downtrend channel and closed above the 9 & 13 EMAs for the first time since mid-July. Looking at the daily technical indicators, the momentum oscillators have now turned higher and especially the Slow stochastic indicator has issued a buy signal. Plus, the MACD and CMF show increasing upward momentum on daily chart and rising volume inflow. If momentum continues as I expect next week, there are lot of profits left on the table for traders to capitalize on. The price can move up to $8/8.50 in the short-term. This stock is on High alert for Monday.