Canadian-under $3.00 Stock-Picking Challenge Message Board

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

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To: jamie lindsay who wrote (1978)	4/21/2001 3:26:16 PM
From: Al Collard	Read Replies (2) of 11802

Hi jamie, Your in with KBC-v @$.28 for 35,714 shares. Chart for Cons Beacon Resources Limited(KBC-v): stockcharts.com[l,a]decanimy[pb50!c20!b100!b200][vc60][iLa12,26,9!Ll14!Lh14,3!Lf] Looking at the chart for KBC we can see the doji candle formed from Friday's trading usually indicating a reversal, now to just figure out which way. The Stochastics and the MACD appear to be pointing up but the major concern here is the ADX. We would need the +DI to cross over atop the -DI to get a clear picture of where this stock is headed. This stock has bumped into it's 50MA twice last week and has failed to break through both times. It needs a clean break of this resistance point to have any hope of further upside. The 200MA at $.20 should act as good support on the downside. All in all a fairly mixed picture from this stock's chart. Good luck with this pick Jamie, Al

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