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: Famularo who wrote (10590)	12/28/2002 6:58:25 PM
From: Al Collard	Read Replies (1) of 11802

Hi Frank, Your in with ACA-t @$ 1.38 for 7,246 shares. Chart for Ashton Mining of Canada, Inc: stockcharts.com[w,a]dacaniay[dc][pc20!b50!f][vc60][iLa12,26,9!Ll14]&pref=G From the chart of ACA we can see the stock has support @$ 1.25 it's 20EMA. On Friday a white Marubozu candlestick formed on the chart showing the bulls were in control with the stock closing at the high of the day, a sign of bullish strength. The one concern I have is the stock needs to break over the $ 1.45 mark where it put in a high the previous week to show it wants to go higher. A buy stop around the $1.48 level might be a prudent way to play this stock. If it breaks above $1.48 the stock should go to at least $1.75 short term.(Wait) Good luck with this pick, Al

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