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


To: The Osprey who wrote (2450)5/11/2001 6:59:54 PM
From: Al Collard  Read Replies (1) | Respond to of 11802
 
Hi Osprey,

Your in with ONG-v @$.79 for 12,658 shares.

Chart for Meteor Creek Resources Inc.(ONG-v):

stockcharts.com[l,a]djclnimy[pc20!b50!b100!b200][vc60][iLl14!Lh14,3!La12,26,9]

Looking at the chart for ONG we can see the stock is trading above all it's major MA's and has good support @$.75 it's 100 and 200MA's. The diminishing volume of late and mini sell-off after a big price spike has left the MACD in a downtrend and the +DI in danger of falling under the -DI on the ADX. The Stochastics is fairly neutral with a downside bias. Sure looks like a chart of a stock desperate for news that is doing a slow bleed without it.

Good luck with this pick,
Al