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

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To: Ice-Man who wrote (1108)3/16/2001 6:39:43 PM
From: Al Collard  Read Replies (1) of 11802
 
Hi Ice-Man,

Your in with RGW-v @$1.82 for 5,494 shares.

Chart for Ridgeway Petroleum Corp.(RGW-v):

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

Looking at the chart for RGW one can see the stock had a significant pull-back this week after consolidating last week from the previous weeks break-out. RGW bounced right off of support at its 50MA and is now trading above it's 20EMA. The Stochastics turning up from oversold conditions and the ADX going positive bodes well for next week with the only real concern being the declining volume.

Good luck with your pick,
Al
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