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


To: tyc:> who wrote (2534)5/10/2002 6:42:13 PM
From: Al Collard  Respond to of 4470
 
Hi tyke,

Your in with TEK.b-t @$ 13.60 for 1,470 shares.

Chart for Teck Cominco Ltd:

stockcharts.com[h,a]dacayiay[dc][pc20!b50!f][vc60][iLa12,26,9!Ll14]&pref=G

From the chart of TEK.b we can see the stock tested the resistance of it's 20EMA this week after last week's breakdown. The chart indicators are mixed showing no clear direction but the sell-off at the end of today looks like a bout of profit taking from last weeks bottom fishers. The stock needs a clean break of the $14.00 level to repair the technical damage on the chart. Preferably after putting in a good base around that level to form an inverse head and shoulder pattern on the chart.

Good luck with this pick,
Al