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

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To: hx4 who wrote (10516)12/14/2002 6:18:35 AM
From: Al Collard   of 11802
 
Hi Harry,

Your in with IW-t @$ .29 for 34,482 shares.

Chart for Infowave Software, Inc:

stockcharts.com[w,a]dacaniay[dc][pc20!b50!f][vc60][iLa12,26,9!Ll14]&pref=G

From the chart of IW we can see the stock is trapped between the support of it's 50MA and the resistance of it's 20EMA. The chart indicators appear to have bottomed out as the stock is oversold but the stock must make a clean break of it's 20EMA before a new uptrend can be declared.

Good luck with this pick,
Al
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