MASTERING
THE TRADE
ORIGINAL, INTERACTIVE
SEMINAR ON TRADING USING
TECHNICAL ANALYSIS
EARNINGS
ESTIMATES
U.S.
QUOTES
U.S.
CHARTS
TECHNICAL
OPINION
CANADIAN
CHARTS
SEC FILINGS
BROKER
RESEARCH
1/28/99 Novel Denim Holdings Ltd
(NVLDF)
Points to watch: Novel Denim's December rally
attempts were stopped at 21.6 (the 38% retracement of the stock's 3/98-9/98 decline). The
stock has been in a narrow trading range since late November and is showing signs of
breaking out to the downside. Stochastics has given a sell signal. The Gann 1x1 at 19.26
provides support on the downside. This angle stopped the stock's decline on 1/13.
Additional downside support is provided by the 50% retracement level at 19.16. Wait for a
break below these support levels before selling, or shorting. Place a stop near the upper
end of the trading range at 21.6 .
Copyright � 1998-2002 Tulips and Bears LLC.
All Rights Reserved. Republication of this material,
including posting to message boards or news groups,
without the prior written consent of Tulips and Bears LLC
is strictly prohibited. 'Tulips and Bears' is a registered trademark of
Tulips and Bears LLC
Last modified: April 02, 2001
Published By Tulips and Bears
LLC
