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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge
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To: tyc:> who wrote (10849)1/8/2003 7:24:50 PM
From: Al Collard   of 11802
 
Hi tyke,

DSR.....the close at the low of the day as evidenced by the Gravestone Doji is bearish. This candle usually indicates a top is in and the stock is about to test support. Support is @$ .35 the 20EMA so it's not much of a fall if it does test. I wouldn't ride the stock down below $.32 I would hold if I was already in.

On the bull side, if the stock breaks to $.43 tomorrow with volume it could be in for an upside breakout. I would wait and buy the 1st retrace after the stock hit's $.43 if I wanted in. JMO


Regards,
Al
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