Explor Resources Inc New EXSFF

RE:ok ok ...

[PhillyJack]

H.S., I agree that the charts are much less useful for a gold junior such as EXS, where one or two buyers and sellers can heavily influence the market at any given time. However, I thought Killr's post made perfect sense in explaining current price movements in EXS. We are in a trading range of .19 to .21 with upward resistance at .21 and .23. The high for the past 12 months is .24. If we go below .19 then we have strong support at .15. That would be the folks who follow this board and buy more EXS on dips. Basically, the stock moved up on unofficial news that Teck was "in" for Phase II at TPW. That is what pushed us over 20 cents when it broke through Ted's "wall" at .17. We are now "struggling" to maintain upward momentum because news has dried up and EXS has yet to give us the official word/NR on TPW and Teck. If we continue to get no news the stock will drift down and settle in at 15 cents where bargain buyers give support. If we get the official good news that Teck is in we will go above .21 and see resistance at .23 or .24. We get anything major outta Kidd Creek and/or Ogden then we punch through .24 like a rocket through the clouds and find a new orbit at a completely new price level. So, Killr's stock chart on EXS sums up what most of us know instinctively/in our gut about EXS trading at .20 and where it might be going. Killr is just giving you the technicals that so far are telling us the story by graph/chart. So you guys are looking at the same coin, just from two different sides. Heads we win, and tails the shorts lose. GLTA