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: Jimsy who wrote (2475)	5/12/2001 6:23:03 AM
From: Al Collard	of 11802

Hi Jimsy, Your in with CVL-v @$.12 for 83,333 shares. Chart for CVL Resources Limited(CVL-v): stockcharts.com[l,a]djclnimy[pc20!b50!b100!b200][vc60][iLl14!Lh14,3!La12,26,9] Looking at the chart for CVL we can see that last week the stock broke down out of the inverse head and shoulder pattern on diminishing volume. The stock has support @$.11 it's 50MA and resistance @$.16 it's 100MA. The ADX is still positive and the Stochastics has turned up from oversold territory. The MACD appears to be turning up and a buy signal would be if and when the MACD crosses over. Still a fairly bullish chart but the stock needs news to get the volume back from anemic levels. Good luck with this pick, Al

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