Tuesday, July 11, 2006

Bottom Fishing - Idenix Pharmaceuticals Inc. NASDAQ (IDIX)

IDIX broke resistance of a two month base today on higher volume. If it can hold $10.00 support on a closing basis, it will be well positioned to move much higher in the near-term. I like the way the ADX is setting up and I'm adding it to my watch list.

3 comments:

monkeydust said...

Another potential bottom fishing candidate is GNSS. No position but think there's some good upside there.

AJ said...

Hi Jamie,
What are your thoughts on RIMM? It seems to have formed a bullish hammer today.
Thanks,
AJ.

Jamie said...

Hi AJ,

I've posted the chart in response to your question.