(1) Before that fateful plunge on 30 Aug 2006 (Circle):
Some bearish signs started to appear sometime in mid-August:
- The initial formation of a Death Cross
- Detiriorating Stochastics and William's %r
(2) Current conditions (Rounded Rectangle):
- There are too many unpleasant news (Textboxes with red titlebars)
- Price trending downwards
- All indicators are pointing down
- Possible support at $0.39 (Blue Lower Price Band Line in Chart 1)
Note: Click on picture for an enlarged view.
BioTreat ($0.845, 31 Aug 2006):
There are tell-tale signs of bearishness long before the plunge on 30 Aug 2006:
- Formation of the Death Cross on 17 Aug, indicating the start of the bearish downtrend (Circled, Chart 3 below)
- The Bearishness signal continued to rise (Chart 3)
- The Bullishness and other signals continued to fall (Charts 3, 6, 7 & 8)
Price Targets:
- DBS: $0.70, Sell
- CIMB: $1.11, Sell
- CitiGroup: Sell
- SIA Research: $0.79 (http://forum.shareinvestor.com/forum/attachment.php?attachmentid=6755&d=1157076366)
