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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)
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To: Razorbak who wrote (951)3/22/1999 8:25:00 AM
From: Greywolf  Read Replies (1) of 2742
 
Technical tips from Stockholm,

Dagens Industri one of the Financial's have technical tips for Lundin Oil today 22/3. The writer Ingemar Carlsson who usually can move a share suggests the following for LOILY, LOI;

The stock coming off it's low's with continually higher rebound low's should be on the way to the 26 to 28 SEK level with a time frame "a few month's". The 27 SEK level should see a rebound that is just that a rebound in a trend that is generally positive and should see higher prices in the time frame 1 to 2 years.

The interesting thing here is the first levels that I think can be attained quicker than a few month's especially with sanctions lifting in Libya. Yet technical's are technical's. As the stock seem's now to take it's lead from SAX I thought this might interest the North Americans amongst us. The stock is trading above 20 SEK today and is testing the level just below 21 SEK.

Regards,

Greywolf
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