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 Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge

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To: Al Collard who wrote (10688)12/30/2002 10:11:07 AM
From: Famularo of 11802
 
>>>From the chart of ACA we can see the stock has support @$ 1.25 it's 20EMA. On Friday a white Marubozu candlestick formed on the chart showing the bulls were in control with the stock closing at the high of the day, a sign of bullish strength. The one concern I have is the stock needs to break over the $ 1.45 mark where it put in a high the previous week to show it wants to go higher. A buy stop around the $1.48 level might be a prudent way to play this stock. If it breaks above $1.48 the stock should go to at least $1.75 short term.(Wait)<<<

You are right on... It will happen today. Stock is going much higher in Jan.....regards,,,frank
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