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
12/03/99 Mandalay Resort Group (MBG)
Points to watch: One to watch in the coming days.MBG crossed above its
200 week moving average last week and closed at important resistance at
24.06, a level which has stopped previous rally attempts in June, August,
and September. Additional strong resistance lies overhead at 26, the
50% retracement of the stock's 6/96-10/98 decline. The 26 level has
acted as resistance on several occasions: 6-8/97, 1/98, 3/98, and 5/99.
A buy signal would be given on a break
above 26, with the next upside resistance coming at 29.38, 30.5, 31.38,
35.25, and 37.5. Support is at 22.5 and 21.38.
