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Gold/Mining/Energy : Zentek Ltd.

ZEN.V 0.920

-8.0%

Jan 30 9:30 AM EST

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To: haitokin who wrote (10982)	1/13/2017 11:30:08 AM
From: RuddyMongoose	1 Recommendation of 54892

Message #10983 from haitokin at 1/13/2017 3:23:30 AM Happy New Year Nice break above a key direction line earlier today. I have recently been studying some advanced TA concepts based on elliot waves and fibonnacci extensions and zen has now entered (IMO) 'wave three' of a five wave sequence, which sees us surpassing the highs of 2016 and takes us to about $2.70 by end of this summer. --------------------------------------------------------------------------------------------------------------------------------------------------- Very interesting information haitokin. Thanks for sharing it. I have been using Elliot Wave and Fibonacci theory for many years and actually wrote a program to estimate wave targets. I have had varying success with it because I find it is often difficult to identify the wave patterns correctly but I have often been surprised by how accurate EW theory often can be in predicting prices. It's not perfect but I find it can be very helpful. After reading your post, I decided to run my algorithm and I was surprised at how closely my program agrees with your estimate of "about $2.70 by end of this summer". My program allows me to update the output with new information so I will recalculate the output as new info becomes available. For example, I will input the W3 actual end price when it becomes available to get a new estimated W5 end price. I also expect W3 will have a 5 wave subwave pattern and I will input that info also if it emerges as I expect. Actual ZEN prices starting with the August 11, 2016 intraday low of $0.63 and the assumption that a new upward impulse wave has started.: W1 Start: 0.63 End: 1.55 W2 ...................End: 0.83 Estimated ZEN prices of the RM Algorithm: W3 ...................End: 2.32 W4 ...................End: 1.75 W5 ...................End: 2.67

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