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Altai Resources Inc V.ATI

Alternate Symbol(s):  ARSEF

Altai Resources Inc. is a Canada-based resource company with a producing oil property in Alberta and an exploration gold property in Quebec. The Company has approximately 50% net working interest in an oil producing property in southern Alberta and 50% net working interest in a gold property in the Malartic Township, Quebec, which is at an early stage of development. The Company's properties are located in Canada. The Company has 50% working interest in approximately 240 acres of Alberta Crown leases in the Cessford area of southern Alberta. The 50%-owned Malartic gold property (named Blackcliff gold property by joint-venture partner and operator, Globex Mining Enterprises Inc.) consists of six map designated claims (CDC) totaling approximately 127.6 hectares (315 acres) in the Malartic Township, Val d’Or area, Quebec, approximately five kilometers (km) north-east of the town of Malartic and the Canadian Malartic mine which is Canada's largest gold mine.


TSXV:ATI - Post by User

Bullboard Posts
Comment by zetaon Apr 18, 2008 2:06pm
230 Views
Post# 14985975

RE: Question Zeta ?

RE: Question Zeta ?Hi Van -- I can only speculate on the price range the following day by looking at the support and resistance levels. As well, you can check level 2 and get an idea of where the large buy and sell order are waiting, but otherwise, it is very hard. I tend to trust the support and resistance levels. In the case of ATI - the support is at the $1 level and the resistance comes in around $1.18 to 1,23  The key is, it has to break above the top of the previous candle -- then it has a change to make a run - If nothing changes today, then the upside breakout point would be 1.18 -- normally these pullback last from 3 to 5 days - we are now in day 4 of the pullback -- try to think of these pullbacks as -- pain - how much pain can traders take before they throw in the towel ?? 3 to 5 days of pain is normal - then slowly, the pain and fear changes to greed and -- away we go again on another run - I am looking at a break of 1.23 to buy today -- otherwise, I will continue to wait. Hope this helps -- zeta
Bullboard Posts