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

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To: Al Collard who wrote (1166)3/17/2001 4:13:18 PM
From: Al Collard  Read Replies (1) of 11802
 
Hi butterfly,

Your in with OGY-t @$2.47 for 4,048 shares.

Chart for OGY Petroleums Limited(OGY-t):

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

One look at the chart for this stock and the first thing that comes to mind, is nice chart. The spinning top candle that formed on Friday is a very neutral pattern. This stock should have good support at it's 50MA @$2.37 and there is no noticeable resistance points above. Even at these lofty levels the stock is in oversold territory as the selling the past three days has been on low volume. I suspect after this breather of late this stock will continue on it's upward march and test the upper range of it's trading pattern in the near term.

Good luck with this pick,
Al
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