Manhattan Minerals (MAN.T) Message Board

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Gold/Mining/Energy : Manhattan Minerals (MAN.T)

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To: Gerald Walls who wrote (2616)	6/27/1999 3:10:00 PM
From: TrueScouse	Read Replies (3) of 4504

Gerald: <<the Friday close, while not the highest intraday price (that was on the Monday spike), was the highest close since early October 1997>> Technically MAN is looking very strong -- if not somewhat overbought. I like the weekly chart a lot: fast.quote.com This shows a higher close for 11 consecutive weeks on steadily increasing volume. For the past two weeks, the volume has averaged over 300,000 per day -- around $10 million-worth a week -- so there's lots of interest and significant new money coming in. The monthly chart still shows resistance around $7 and good support in the $5.00 to $5.50 range. I would still expect it to trade between $5.50 and $7.00 for a while, but if they report good results for step-out holes on TG1 or anything similar to the TG1 intercepts for TG3, all bets are off! Regards, Howy

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