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Gold/Mining/Energy : Mt. West--Best gold/energy combo -- Ignore unavailable to you. Want to Upgrade?

To: Dale Schwartzenhauer who wrote (76)	3/28/1999 8:27:00 PM
From: Dale Schwartzenhauer	Respond to of 77

Share price breaks out of ascending triangle: Thru this Friday's (3/26) close, MWR has broken out of an ascending triangle, with a gap between $0.08 and $0.10. Penetrating such a formation to the upside indicates confirmation of favorable internal fundamental changes. The recent litigation announced, with potential monetary damages accruing to MWR would be such a change. With this breakout, the stock has entered a new range, with the next resistance level around C$0.15. It has also entered a new ascending triangle with the above sited resistance representing a downtrend line dating back about two years. On the low end, consolidation should hold above $0.08; a breach of this area would require further interpretation. Needless to say, any breakout has to be greeted as a welcome sign that something positive is happening. I couldn't interpret it any other way.