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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge

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To: Davy Crockett who wrote (1092)3/15/2001 8:53:13 PM
From: Al Collard  Read Replies (2) of 11802
 
5th: svenlar NMR-t...$11,162.40 +11.6%

Chart for NMR-t :

stockcharts.com[l,a]declnimy[pb50!c20!b100!b200][vc60][iUg!Ll14!La12,26,9!Lf!Lh14,3]

After falling off a cliff this stock is making a valiant effort for a comeback from extremely oversold conditions.
The MACD has turned positive and the stochastics is turning up for NMR. The one concern would be the declining volume. One pattern to take note on this chart is the "hammer" candlestick which formed today. This is usually a very bullish pattern after a significant downtrend. Next real line of resistance for NMR is it's 20EMA at $.87 so we could see a real good run on this one.

Good luck tomorrow Peter,
Al
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