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Gold/Mining/Energy : Zentek Ltd.

ZEN.V 1.060

-1.9%

Nov 18 3:45 PM EST

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From: testman714	4/4/2021 1:55:27 PM
	4 Recommendations Read Replies (1) of 54088

Just wanted to leave a few words with respect to how the chart seems to be playing out. Was looking for 2.31 to hold so price could form a local bottom before making its way up to the 4.98 to 6.54 area. So far it has ….. However in keeping open minded to a potential downward break of 2.31.. price would likely target the 1.58 to 2.23 area next before setting up its move to this 4.98-6.54 target region. Further weakness in the 1.58-2.23 area opens the possibility for the ALT 1- ALT 2 count in grey as shown on the chart. But one thing at a time. Everything is very healthy chart wise even with the HC debacle adding potential negative catalysts. KEY TAKEAWAY 1 - Price may try for the 1.58 to 2.23 area BEFORE heading to the 4.98-6.54 area. KEY TAKEAWAY 2 - Should price show continued weakness in the 1.58 to 2.23 area suggests downward pressure into the ALT 2 yellow box. NOT a bad thing incidentally. Happy Easter everyone.

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