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

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To: geoffb_si who wrote (10765)1/4/2003 2:08:01 PM
From: Al Collard   of 11802
 
Hi Geoff,

Your in with ONC-t @$ 1.89 for 5,291 shares.

Chart for Oncolytics Biotech, Inc:

stockcharts.com[w,a]dacaniay[dc][pc20!b50!f][vc60][iLa12,26,9!Lh14,3]&pref=G

From the chart of ONC we can see the spinning top candle formed from Friday's trading. In a downtrend like ONC has been through this candle often indicates that a change in trend is probable. With resistance directly above @$ 1.99 the 20EMA, I would wait for a close atop this mark before going long. (Wait)

Good luck with this pick,
Al
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