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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: ShoppinTheNet who wrote (13681)6/18/1998 11:39:00 AM
From: Random Walk   of 20681
 
Any trading approaching $2.25 on 'significant' volume would reverse trend. The trend here is higher. Would like to see $4.50 taken out on higher volume, but remember there are folks in at $7.00-$10.00 looking for exit points, thus Naxos gets overbought in a hurry. Yesturdays volume was insignificant. Chart wise the market seems to foretell higher prices and improving fundamentals.
Don Schreiber
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