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Mountain Lake Resources Inc V.MOA



TSXV:MOA - Post by User

Bullboard Posts
Post by saron Aug 20, 2002 9:17pm
216 Views
Post# 5373213

Technical view

Technical view Have a look at the MOA chart and one will see we have peaked the RSI at 80 two times in this latest move up with momentum and money flow. The chart shows March & June as the last 2 peaks with higher volume. We hit another peak at 80 late last week and the RSI is currently at 70 therefore based purely on technical indicators we may see some additional consolidation at this level which is healthy as mentioned in an earlier post. Pick your price and Bid it you may fill on these dips maybe not, a few got lucky today. For those in early pre $1.00 will be in for a nice longer term ride IMHO. Cheers, SAR
Bullboard Posts