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Gold/Mining/Energy : ENERGOLD (EGD.V)
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To: keith schaefer who wrote (39)1/31/1999 4:20:00 PM
From: Baywall  Read Replies (2) of 130
 
Keith,

First noticed Energold via technical chart data. The 13 wk.RSI was realized at a higher level on the second test of the low around 32cts. Although that was some time ago, I believe that today all technical indicators remain intact. No guarantees despite now being above 80 week MA. Appears to indicate that the "buy side" was successful in shifting the price momentum upward although a breakout has not yet occurred.

Today at 80cts and a noticeable increase in weekly volumes over the past 3 weeks, I remain confident.

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