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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera! -- Ignore unavailable to you. Want to Upgrade?


To: alchemy who wrote (2194)1/16/1998 2:02:00 PM
From: MarcG  Read Replies (1) | Respond to of 4736
 
Martin-da bull,
"Resistance level"? How about temporary plateau. right about here at 7/32.
The breakout through 3/16 and $0.20
is psych. important. At this moment, the better TA question for me is where is the support, hopefully above the two levels just mentioned.

mg



To: alchemy who wrote (2194)1/16/1998 2:53:00 PM
From: Sidney Reilly  Respond to of 4736
 
Hi Marty,
The first resistance on the chart is at .20 and also the phycological resistance is also at .20 because that is a double from .10 where we hovered for so long. I would expect a test of that level and a fall back temporarily. Then on the re-test that resistance will be less important and we should move to the next level of .25.
We will have to see where the support is because there isn't an obvious level that I can see. We're in new territory.

Go NAMX,

Bob