[gbarbs]

i have several in this sector. acor, amag, itmn, thrx, cbst. just posted ino on the trader thread the other day, but wasn't sure about the entry point and didn't buy. it then took off so a good sign i guess for the group. idix is looking to form stage 1 base and is further behind than the others - maybe a chance to catch one on the breakout soon?

IDIX is potentially building a longer term Stage 1 base that I'd mark out as back to the October low last year, as it hasn't managed to close below that since, or above the initial swing high it made following that low. However it's still making lower lows, and the 30 week MA is once again declining, so the recent spike to the top of the range moved it from Stage 4 into early Stage 1A, but the sharp -30% gap down to the bottom of the range again and a lower low mean that the technical pattern isn't great so I'd personally add a minus symbol to the Stage to make it Stage 1A-

So it is one for the investor watchlist as it could be forming a big base which are the best for the investor method, but also watch for a Stage 4 continuation move lower, as Stage 1A patterns often break down into a continuation move lower as it's still very early in the Stage 1 phase (only a few months) and hence needs much more time imo.

Yes, I completely agree. A few months from now the previous resistance will be over a year old, and if it does try to come to a breakout point, I imagine the MA will be no longer declining. I am watching because of the performance of its peers, but not looking for anything for a while.

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Attached is NGD chart. I was stopped out of half of my position this week when it broke up to 7.01.

So, I am trading this but am posting here because I am not sure if the swing rule would apply to this chart. If I do apply it, I see a price target of 3.07. If that is the case there is still life left in this downtrend.