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


To: hx4 who wrote (2785)5/26/2001 8:03:34 AM
From: Al Collard  Read Replies (1) | Respond to of 11802
 
Hi Harry,

Your in with TSX-t @$2.06 for 4,854 shares.

Chart for 360networks, Inc.(TSX-t):

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

Looking at the chart for TSX we can see the stock had a big price appreciation day on Friday on slightly below average volume. The ADX and MACD have a bearish bias as indicators but the Stochastics is in oversold territory and may be the reason behind the upward bounce on Friday. This stock is still trading below it's 20EMA @$2.47 and must climb above this resistance point to make a believer out of me that the downward trend is over.

Congratulations on your 4th place finish last week Harry, you were less than $50 from winning the guru title.

Good luck with your pick this week,
Al