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Gold/Mining/Energy : Zentek Ltd. -- Ignore unavailable to you. Want to Upgrade?


To: haitokin who wrote (10982)1/13/2017 8:36:47 AM
From: rennie695 Recommendations

Recommended By
Antlizzie
Canseco
cbs12311
George69
helo4

  Read Replies (2) | Respond to of 54884
 
Thank you Haitokin, yes you do have a sense of humour. Keep your ZEN shares, buy some CCB shares and leave those in the separation agreement for your ex...

Cheers



To: haitokin who wrote (10982)1/13/2017 11:30:08 AM
From: RuddyMongoose1 Recommendation

Recommended By
3bar

  Respond to of 54884
 
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.
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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