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Gold/Mining/Energy : Gold Reserves Limited GLR - TSE

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To: Cyber Rock who wrote (118)11/4/1997 12:09:00 PM
From: Jaakko  Read Replies (1) of 406
 
Technical indicators are giving mixed signals:

"Analysis of the rate of change of the exponentially smoothed average price suggests the completion of a downtrend. The rate of change is bottoming out and shows signs of increasing. In this market this is a bullish indication that a reversal may occur soon."

"The Price Phase Indicator is moving to the downside. This is a bearish continuation signal showing that a downtrend is in place and that prices are more likely to continue to the downside than they are to reverse and begin an upward movement.

Point & Figure 3-point Reversal Method has a sell signal in place.

Fundamentally, I don't have anything as I believe posts #107 and #108 on this thread say most of what could be the concerns of the market apart from the POG.

Jaakko
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