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: Nick Morvay who wrote (2235)	4/30/2001 3:33:39 AM
From: Al Collard	of 11802

Hi Nick, Your in with IVN-t @$1.50 for 6,666 shares. Chart for Ivanhoe Mines Limited(IVN-t): stockcharts.com[l,a]djclnimy[pb50!c20!b100!b200][vc60][iUg!Ll14!La12,26,9!Lf!Lh14,3] Looking at the chart for IVN we can see that after being in a down-trend since the middle of March the stock had a huge day on Friday and is now trading above it's 100MA which should now act as support. If the stock can climb over it's 20EMA @$1.50 the next level of real resistance would be it's 50MA @$1.67. The Stochastics has turned up from oversold levels and the MACD has turned up from Friday's trading but has still not crossed over. A good entry point for this stock would be if and when the +DI crosses over atop the -DI on the ADX which it is now getting close to doing. The stock needs one more good up day with volume and all the chart indicators will have turned very positive. Good luck with this pick Nick, Al

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