short term trading week starting - 15 oct, page-193

ANP 'should' bounce back today, with the official FDA approval for the K drug, being given a 'Weak approval" ISIS will now target a much broarder range of canditates to test the drug on to shake of the initial concers of the committe comments that caused the drop on Wednesday.
Looking at the bid stack I would say some holders are still unaware of the outcome this morning and things will most probably change b4 open. I'm not expecting fire works but a respectable close back into the previous range at 1.8-2c should be on the cards. Market is still anticipating release of the big pharma ann but maybe better to just trade the signals as they present. If Anyone interested from the TA side, I believe 2c is the key to this chart and a weekley close above that figure will be of technical significance for a much larger move.