Silk Energy Ltd SLKEF

Financial Services Credit Services

Silk Energy Limited is a Canada-based resource company. The Company acquires undervalued oil and gas assets in Kazakhstan. The Company, through its subsidiaries, owns a 50% interest in the KMG Ustyurt license (Ustyurt). The Company focuses on exploring and developing Ustyurt, an onshore oil and gas concession comprising approximately 6,500 square kilometers in the Caspian Sea region of the Republic of Kazakhstan.

GREY:SLKEF - Post by User

Silk Energy Ltd

Bullboard Posts

Comment by checkon Nov 30, 2007 2:02pm

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Post# 13896666

RE: Very oversold

"And I wonder if wailer would care to comment on some observations I have been given on Technical Analysis of ISM? I have been informed that the chart yesterday confirmed a Head and Shoulders Top, a long term bearish indicator, indicating in this analyst's view a target price of $0.90 to $1.50. This analyst also indicated that Momentum indicated a short term bearish signal." __________________________________________________________________________________________________________________ Whaler nice find, i don't always read all her posts cuz i don't understand lots of her language ( talks about nothing & full of cr$p ) it just shows you millright can not grasp TA. look at the chart, the last three candlesticks we have inverted hammer,hammer, it's a reversal bullish pattern. to have confirmation of this pattern you need to gap up or have a long white candle with heavy volume the next day. look what happen wednesday and today we gaped up. BTW looks like ISM will hold the weekly support LOL .. CHEERS ..