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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?


To: Le profiteur who wrote (1994)4/21/2001 4:01:49 PM
From: Al Collard  Respond to of 11802
 
Hi Le profiteur,

Your in with YBZ-v @$.22 for 45,454 shares.

Chart for Brazilian Resources, Inc.(YBZ-v):

stockcharts.com[l,a]decanimy[pb50!c20!b100!b200][vc60][iLa12,26,9!Ll14!Lh14,3!Lf]

Looking at the chart for YBZ and the first thing you should notice is the low volume the stock has been trading for the last while. Getting a read on such a low volume stock from it's chart is obviously a hard thing to achieve but here it goes. The Stochastics looks like the stock is overbought at present but the ADX and MACD are still positive. It appears this stock should now have support at it's 100MA and 20EMA @$.20 and there is no real resistance until the $.43 level at it's 200MA.

Welcome to the Stock-Picking Challenge thread Le profiteur and any imput you are willing to put into it will be greatly appreciated by all. A further side note is GNY has not been taken yet this week and the thread is a first come first get thread for stock picks.

Good luck with your pick next week,
Al