Altai Resources Inc V.ATI

Alternate Symbol(s): ARSEF

Energy Oil & Gas E&P

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

Altai Resources Inc

Bullboard Posts

Post by zetaon Apr 21, 2008 9:24pm

174 Views

Post# 14994517

TA AND CHART FOR ATI

Hi -That was a bullish inverted hammer today for ATI, so there is still a chance. The white candle today is bullish confirmation of the bullish engulfing candle from Friday -- the long upper shadow is not great, but, it is still a bullish candle, so, worth hanging in there I say. I would use 1.09 as my line in the sand - breaks under this -- just sell - if that is too close for you -- go with 1.05 or so, but, if ATI has a chance for more upside, it should not slip under the candle from today -- so, watch that stoploss price. Here is the daily chart. Good luck tomorrow with this one. Zeta