Carbite Golf Inc. Vancouver-CAB Message Board

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Gold/Mining/Energy : Carbite Golf Inc. Vancouver-CAB

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To: eyewatch who wrote (139)	3/22/1999 10:47:00 PM
From: David Michaud	Read Replies (1) of 209

Posted By Subject PostTime (EST) Post ID sadie RE: re: CAB 3/22/99 / 12:21:55 AM 210683 << Previous Thread Next Thread >> The candle on Friday was a black inverted hammer, which is a toss up - bearish or bullish, hard to tell. Often this candle will indicate a bottom - which might be the case now.The MACD is however in bearish territory, so a decline is possible. The stock appears to be building a base in the 40 to $1.10 range - looks like a strong double bottom formation - this means that a good uptrend is possible, but it will take time to develop - this is on the monthly chart. So, you might see some short term weakness - might, but the longer term is looking okay. There is good support in the 70-80 range. Since the stock is in a sideways consolidation, we will have to wait to see which way it wants to go. Good luck with the candles . Sadie __________ from Sadie on stockHouse.com

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