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


To: Al Collard who wrote (2482)5/12/2001 6:57:22 AM
From: Al Collard  Respond to of 11802
 
This week I am going to take NTC-v @$.65 for 15,384 shares.

Chart for North American Tungsten Corp. Limited(NTC-v):

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

Looking at the chart for NTC we can see the stock has been basing for the last month after a huge uptrend on well above average volume. The stock has good support @$.52 which it tested twice last week and resistance @$.68 it's 50MA. The Stochastics is showing a return to the uptrend from over sold territory and the +DI crossover of the -DI on the ADX is a bullish sign. The crossover on the MACD is the final bullish signal that persuaded me to go with this pick.

If the chart indicators hold true, this stock is one you may want to put on your watch list. PHNPI yet.

regards,
Al