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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?


To: SurfForWealth who wrote (1526)3/23/2001 2:25:35 PM
From: SteveG  Respond to of 5144
 
Hi Surf

I personally like the look of the chart.

Good Rising STO, MACD on upswing. RSI and CCI in OVERSOLD, increasing Volume.

The only thing I do not like is the fact that there has only been one decent rally in the last 6 months at the beginning of Feb, due as you know to their TSE listing, which would signal to me that it was a technical rally rather than a fundamental one.

On the balance of probabilities I think it looks great particularly if a Naz rally gets going.

May participate myself. Would love to hear some opinions from the gurus on this thread on EMG.

BTW, Glenn and myself will be visiting EMG on April 4th.

ALL the BEST

Have a great weekend everyone.

Steve



To: SurfForWealth who wrote (1526)3/23/2001 3:19:44 PM
From: Cush  Read Replies (2) | Respond to of 5144
 
Hey Surf. Electronics Manufacturing. EMG on TSE

stockcharts.com[w,a]daclyimy[dc][pb10!b50!b200!h.02,.20][vc60][iUd20!Ub14!La12,26,9!Lp14,3,3!Lc20]

I do not have a position here.

Surf, first thing I'd say is that your comment about the low volume is well worth noting.

Low volumes make share price movements even harder to evaluate than otherwise.
And everything's been hard to evaluate lately.

The increased volume with rising price, these past couple of days, is encouraging.
It is reflected in the MACD which does indeed look poised to go positive.

Stochastic is rising from the oversold zone and will support a bullish MACD signal, if there is one in the next few days.

Chaikin Money Flow has been ugly since the move to the TSE. At best, it might be improving. Long way from positive at the moment.

Light, unpredictable volume would make me cautious.
I've already got some good stocks in my portfolio that don't trade enough to make them liquid.

I know there may be a good story here.
Very light volume again today though.

Could get quite interesting with volume. I'll be watching it next week.

Thanks for pointing it out.

Cush