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


To: John Paquet who wrote (12323)1/17/1999 3:19:00 PM
From: Natedog  Read Replies (1) | Respond to of 26850
 
John.
I finished my own analysis of the charts and although I agree that our WSP is teeter-tottering on the resistance lines I tend to think this correction is finished and WSP can now more higher.. YES, it has exhibited some unfavorable signs of late, but that's normal in this business of high speculation until news confirms.
Stochastics are right at the lows and are screaming buy! Because the price rate of change went up so fast it needed a healthy correction to put the previous trading pattern in perspective. I firmly believe the correction was blown out of proportion with last weeks Kaiser,Bishop, and pressure to release some news.
The news on Friday was a material change that will slowly start to be factored into the share price, nothing that our TA can ever match..
I will be ready to buy if it starts to get close to 2.75.. But not to much or your order might not get filled..LOL..Actually, Plot a Gann-retracement line from June and again at the high and the top resistance line sits amazingly at 3.15.. Catch you on the flip side and say forever bye to 3 bucks.. Not what you want to hear I know.