Technicals

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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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RE002

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Technicals

posted on Jan 15, 2008 11:23AM

We are at or close to completing a reverse head & shoulders chart pattern. The chart has all the classic requirements. Reversal of a down trend, high volume at the head and right shoulder and today Kry created a Hammer. The upside measurement from the neck $2.30-2.35($.50-.55) brimgs us to the $2.90+ range which coinicidently brings Kry back to the gap as well as the resistence area $2.90 - 3.10. Technically, Kry presents a very bullish chart.