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


To: Ichy Smith who wrote (657)12/3/2001 3:41:36 AM
From: Al Collard  Respond to of 4470
 
Hi Peter,

Your in with DAX-t @$3.10 for 6,451 shares.

Chart for Draxis Health, Inc:

stockcharts.com[l,a]djcanimy[dc][pc20!b50!b100!b200!f][vc60][iUb14!Ll14!La12,26,9!Lp14,3,3!Lc20]

From the chart of DAX we can see the inverse head and shoulder pattern that has formed. The chart indicators are bearish and pointing to further downside but the stock does sit just above the support of it's 50MA. The volume has been above average but the stock needs to hold the line right here and bounce up or it is in danger of breaking through it's last support level which it has tested and held three times in the last month. The series of higher lows and lower highs does have this stock grinding into a wedge that should break violently one way or the other. JMO

Good luck with this pick,
Al