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Gold/Mining/Energy : Exall Resources/Glimmer Resources -- Ignore unavailable to you. Want to Upgrade?


To: James N. Wilson who wrote (578)5/9/1998 8:41:00 PM
From: Winzer  Read Replies (1) | Respond to of 1319
 
James I found the following comments on EXL/GME in the Canadian Hot Stock Club SI site #64/350 on April 12. Maybe we should invite Steve Kirk to comment on recent activity. I suspect he must be using some kind of analysis software. Review and comment:

To: dragonden (33 )
From: Steve Kirk
Sunday, Apr 12 1998 2:40PM ET
Reply # of 350

Hi Laura , hope this helps out a little.

A TECHNICAL REVIEW OF EXALL RESOURCES FOR 4/9/98

LAST DAYS TRADING VALUES

Open 0.4000
High 0.4000
Low 0.4000
Close 0.4000
Change 0.0500 (14.29%)

Immediate Situation

Price volatility is above average. Expect the prices to range from 0.38 to 0.42. Watch for immediate price support in the area of 0.30 and 0.35. Immediate price resistance is indicated in the area of 0.40 and 0.41.

Short Term Trend

The short term trend is bullish.

Intermediate Support and Resistance

Expect intermediate price support at 0.30. Intermediate resistance is predicted in the area of 0.40 and 0.43. The intermediate trend is neutral.

Long Term Forecast:

The long term forecast is bearish. The positive strength rating is 0.00 percent and the negative strength rating is 50.00.

Note: The stock is likely to range between .30 and .40. A breakout in price and volume pushing the stock beyond the .40 close would confirm the short term bullish condition.
Moderate resistance would then be expected at .46 with heavy resistance coming into play at .53. A continued breakout beyond .53 would signal a major bullish trend pushing
the highs into the .93 range.

A TECHNICAL REVIEW OF GLIMMER RSC FOR 3/5/98

LAST DAYS TRADING VALUES

Open 1.0600
High 1.0600
Low 1.0600
Close 1.0600
Change -0.0100 (-0.93%)

Immediate Situation

Price volatility is within normal ranges. Expect the prices to range from 1.03 to 1.09.
Watch for immediate price support in the area of 1.06. Immediate price resistance is indicated in the area of 1.10 and 1.07.

Short Term Trend

The short term trend is bearish.

Intermediate Support and Resistance

Expect intermediate price support at 0.99. Intermediate resistance is predicted in the area of 1.20 and 1.10. The intermediate trend is neutral.

Long Term Forecast:

The long term forecast is bearish. The positive strength rating is 0.00 percent and the negative strength rating is 120.00.

Note: The stock price must remain above 1.00 in order to maintain it's present consolidation. The stock is under pressure at this point for a correction to the .80 level. Should the stock rise past 1.10 with volume the short term bearish trend would reverse and the prices could be expected to reach 1.32 before encountering significant resistance.