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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
Post by zetaon Apr 19, 2008 3:47pm
365 Views
Post# 14988661

TA AND CHART FOR MONDAY

TA AND CHART FOR MONDAYHi -- A strong finish to the week for ATI -- the candle on Friday was a bullish white candle and the candle pattern is a Bullish Engulfing pattern. This is a very good sign that the bottom is in for the pullback . The candle today was also confirmation for the bullish hammer on Thursday - so, 2 bullish candles back to back -- good sign I say. The stochastic is approaching oversold and it appears that it is starting to turn up - again, a bullish indicator. The pullback for ATI did not get to the 20 EMA , but this is a sign that there is good support ready to let their buying do the talking. I think you can buy ATI here, but to be sure, you might want to wait for it to break over 1.18 - The second leg of the uptrend has the potential to run to $1.90 or so -- not saying it will -- just the potential if the cards play out - for now, look for the breakout over 1.18 -- Looks good to me. Here is the daily chart for ATI - Good luck with this one. Zeta
Bullboard Posts