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Strategies & Market Trends : Alamos Gold

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To: Rocket Red who wrote (650)12/2/2001 3:31:45 PM
From: Al Collard  Read Replies (1) of 4470
 
Hi Red,

Your in with WIN-t short @$3.41 for 5,865 shares.

Chart for Wi-LAN, Inc:

stockcharts.com[l,a]djcannmy[pb50!b100!b200!c20][iLa12,26,9!Lh14,3!Ll14!Lo14!Lb14]

From the chart of WIN we can see the stock re-traced last week and tested the support of it's 20EMA. Trapped between the resistance of it's 200MA and support of it's 20EMA the chart indicators have turned bearish. The stock needs to bounce here or a test of the 50MA @$2.76 is possible. If the tech markets rebound I would expect a bounce up to test the resistance of the 200MA. JMO

Good luck with this pick,
Al
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