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: Canuck Dave who wrote (3229)	6/16/2001 2:59:10 PM
From: Al Collard	of 11802

Hi Dave, Your in with ECO-t @$1.68 for 5,952 shares. Chart for Echo Bay Mines Limited(ECO-t): stockcharts.com[l,a]djclnimy[dc][pc20!b50!b100!b200][vc60][iLl14!Lh14,3!La12,26,9] Looking at the chart for ECO we can see the stock is trading above all it's major MA's with good support @$1.47 it's 20EMA. The ADX and MACD are both showing strong uptrends in place as evidenced by the rising chart prices since the middle of April. The one chart indicator of concern would be the Stochastics which is showing the stock entering overbought territory suggesting a retest down to the 20EMA is probable near term. The chart looks good showing a picture of a stock in a nice steady uptrend for the last 5 months. Latest NR from ECO-t: newswire.ca ECO-t website:http://www.echobay.com/ Good luck with this pick Dave, Al

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