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Gold/Mining/Energy : marketbrief.com
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To: The Osprey who wrote (66)4/2/1998 10:15:00 AM
From: marketbrief.com  Read Replies (1) of 246
 
With regard to Micro Minerals and Uniglobe, here is my analysis. Seems to me that the nearest resistance in Uniglobe is around $3.00 and support is at $1.00. Micro has resistance on the weekly chart going back a long time at $0.60 and $0.80 and support at $0.40. On the daily charts you can say that both have bull flags but I'd watch them both and, if I'm going to play, I'd probably play UTO first because the next resistance level is that much higher from here, but the Micro Minerals people set themselves a bunch of options in Oct and Nov and you just never know about these companies if they drill and find something.
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