Forum Archive Index - August 2003

[Phyllis Bergquist <phyl@clear.net.nz>]

Ah, Thank you VM Phaedrus,    Just what my somewhat wayward gambling
instincts gott a hold.    And must admit I am happier now I have them under
better control.    I have taken the ema's etc and set a template up to keep
me in hand.
.Cheers, and gratitude  from   Phyllis.
----- Original Message ----- 
From: "Phaedrus" <Phaedrus@techemail.com>
To: <Sharechat@sharechat.co.nz>
Sent: Friday, August 08, 2003 7:56 PM
Subject: [sharechat] ENE Chart


> Phyllis,
>         ENE remains in the long-term downtrend that it has been in for
nearly three years. There are, however, indications that the slide is losing
momentum - for example, price action has broken above the 200 day moving
average for the first time in years. There was a confirmed long-term
trendline in place but the downtrend accelerated, rendering this obsolete.
The new, steeper, confirmed trendline has now been broken. In spite of these
very positive indications, ENE is still in a downtrend and is still making
new lows. I would be a bit more positive had the resistance at $2.48 been
taken out, but so far this is holding.
>  I know you are a fan of this company, and have been watching it closely
for a long time now. It would be good if you could wait for an uptrend
before buying, or failing that you could perhaps buy on a breakout above the
$2.48 resistance.
>  It would not surprise me if this stock consolidated at these levels,
going into a trading range for a while.
>       Regards,
>                 Phaedrus.
>
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