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Strategies & Market Trends : Alamos Gold -- Ignore unavailable to you. Want to Upgrade?


To: Daytek77 who wrote (626)12/1/2001 9:47:04 AM
From: Al Collard  Respond to of 4470
 
Hi Daytek77,

Your in with AC-t short @$4.48 for 4,464 shares.

Chart for Air Canada:

stockcharts.com[l,a]djc...

From the chart we can see AC broke down last week and tested the support of it's 20EMA before bouncing back up. The chart indicators are bearish and pointing down. A bounce up to test the resistance of it's 100MA @$5.12 is a good possibility with this stock as it bounces between it's MA's and looks for a new trend. If the stock breaks down under it's 20EMA a trip down to test the support @$3.37 of it's 50MA is a good bet on the downside.

Good luck with this pick,
Al