Kensington Resources Ltd. (V.KRT) * Diamond in the rough! Message Board

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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!

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To: Zeev Hed who wrote (1731)	5/2/1998 8:53:00 PM
From: TATRADER	Read Replies (2) of 5206

Zeev, here is a brief TA as to why we had the bounce... The trading pattern here is called a Lizard(not after my buddy, the Lizzard King)...What that means is that the stock made a 10 day trading low, and the stock opened and closed in the top 25% of its daily trading range...That told the renowned Canadian traders it was time for a reversal to the upside....And that is what happened on Friday...The downward trend line as I peg it sits at 41 cents...Unless we break 41 cents on continued volume of over 300,000 shares, this was just an oversold bounce....Regards, from the humble student, Mark P.S.Have been tempted to take a Prozac to relieve Arakian depression... P.S.S. Thanks for the e-mail......

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