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: Jimsy who wrote (2047)	4/22/2001 8:16:51 PM
From: Al Collard	Read Replies (2) of 11802

Hi Jimsy, Your in with CVL-v @$.12 for 83,333 shares. Chart for CVL Resources Limited(CVL-v): stockcharts.com[h,a]djclnimy[pc20!b50!b100!b200!b10][vc60][iLh14,3!Ll14!La12,26,9] Looking at the chart for CVL we see the stock is now trading over it's 50MA but the 100 and 200MA's are high above. The MACD is leveling off, the ADX is still positive but the Stochastics looks like it is on the overbought side. Another concern on this chart is the gravestone doji candle from Friday's trading, this type of candle usually signifies a turning point and with the recent run-up in this stocks share price I for one wouldn't be surprised to see a bout of profit taking in the near term. Good luck with this pick Jimsy, Al

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