Canadian-under $3.00 Stock-Picking Challenge Message Board

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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge

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To: ralfph who wrote (2058)	4/23/2001 6:07:12 AM
From: Al Collard	of 11802

Hi ralfph, Your in with SCQ-v @$.28 for 35,714 shares. Chart for South Atlantic Resources Limited(SCQ-v): stockcharts.com[h,a]djclnimy[pc20!b50!b100!b200!b10][vc60][iLh14,3!Ll14!La12,26,9] Looking at the chart for SCQ we can see the stock has been in a basing pattern for the last month on below average volume. The ADX is positive but the MACD is still showing some downward pressure. The Stochastics is showing the stock is in oversold territory and the 100MA @$.26 should act as good support. The stock would probably need some real good news to be able to break through the resistance to the upside of it's 50MA @$.30 Good luck with this pick ralfph, Al

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