Zentek Ltd - ZEN Message Board

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Gold/Mining/Energy : Zentek Ltd - ZEN

ZEN.V 1.050

+1.9%

10:38 AM EST

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To: Berry Picker who wrote (3777)	9/27/2013 2:18:33 PM
From: Claude Cormier	Read Replies (3) of 22830

Looks to me like a very weak inverted H&S pattern, if it is. This looks more like an A-B-C correction from $5 that is correcting the full 5-waves advance from December 2011 to July 26th high. Wave A made a low at $3.27 on August 2, B making a high at $4.10 on August 19th and C in progress. C looks like an a-b-c itself or possibly an a-b-c-d-e in a down channel concluding soon. Analternative is that the corretcion ended on September 10 at $2.93 After that wave 2 will start if the news are what people expect. But other people will see other patterns. Technical analysis is an excellent tool. But it is only a tool. Fundamental news are the real driver.

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