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Gold/Mining/Energy : Shore Gold C.sgf

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To: Bobby Yellin who wrote ()4/29/1998 8:29:00 AM
From: Steve Kirk  Read Replies (1) of 550
 
A TECHNICAL REVIEW OF Shore Gold FOR 4/28/98

LAST DAYS TRADING VALUES

Open 0.6000
High 0.6000
Low 0.5500
Close 0.6000
Change

Immediate Situation

The price trend indicates weakness. Price volatility is within normal ranges. Expect the prices to range from 0.59 to 0.62.

Short Term Trend

Watch for price support in the area of 0.46 and 0.60. Short term resistance is indicated in the area of 0.61 and 0.72. The close range of support and resistance values may indicate a new trend may be established. The trend may reverse to become bullish or become more bearish with increased volatility.

Intermediate Support and Resistance

Expect intermediate price support at .46. Intermediate resistance is predicted in the area of 0.72 and 0.80. The intermediate trend is neutral.

Long Term Forecast:

The long term forecast is bullish. The positive strength rating is 100.00 percent and the negative strength rating is 0.00. Very long term support is forecast in the area of .28.
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