Channel Resources Ltd V.CHU

RE: RE: RE: TA Signals

[youngkid]

Below, from last weeks NR, there should be more assay results pending:

"To date, Channel has reported results from 6,813 metres of drilling in 49 holes. A further 1,050 meters in 10 holes have been completed in Mankarga 5, with assays pending. In total, 7,863 metres in 59 holes of the contracted 10,000 metre RC program have been drilled.

Most of the assays pending are from holes drilled to test Mankarga 5 for mineralization as far to the north east as section 1150NE, which could potentially extend the deposit to a total length of approximately two kilometers. Holes have also tested the area around the eastern ends of sections 450NE and 550NE in the vicinity of hole Tan11-RC39 which returned the best intersection to-date from Mankarga 5, 102 meters grading 1.52 g/t gold within a mylonitized intrusive rock."

Also, technicals also look good imo, I am fairly new at this but have done well so far with TA. Below are some signals that i've found:

View	Event Date	Event	Opportunity Type	Close at Event	Target Price Range
	Mar 28, 2011	Commodity Channel Index	Other	.22	n/a
	Mar 28, 2011	Triple Moving Average Crossover (4-day 9-day 18-day)	Short-Term Bullish	.22	n/a
	Mar 28, 2011	Double Moving Average Crossover (21-day 50-day)	Short-Term Bullish	.22	n/a
	Mar 28, 2011	Price Crosses Moving Average (200-day)	Long-Term Bearish	.22	n/a
	Mar 25, 2011	Price Crosses Moving Average (50-week)W	Long-Term Bullish	.26	n/a
	Mar 25, 2011	Symmetrical Continuation Triangle (Bullish)W	Intermediate-Term Bullish	.26	.55 - .63
	Mar 24, 2011	Fast Stochastic	Short-Term Bullish	.28	n/a
	Mar 24, 2011	Price Crosses Moving Average (21-day)	Short-Term Bullish	.28	n/a
	Mar 24, 2011	Price Crosses Moving Average (50-day)	Intermediate-Term Bullish	.28	n/a
	Mar 24, 2011	MACD	Short-Term Bullish	.28	n/a
	Mar 24, 2011	Momentum	Short-Term Bullish	.28	n/a
	Mar 24, 2011	Short-term KST	Short-Term Bullish	.28	n/a
	Mar 24, 2011	Williams %R	Short-Term Bullish	.28	n/a