Timmins & Beardmore - Northern Ontario

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Message: Re: resistance levels - Keaster - correction
3
wmn
Jan 07, 2009 05:24AM
2
Jan 07, 2009 06:06AM
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Jan 07, 2009 08:59AM

The next Major resistance is around $.12. this is the 9 month downtrend line from March 08 that was tested twice, once in late may and again in early september.

The 9 month trendline is actually in the .095 - .10 range as I stated last week. So we have huge resistance at .10. IMO unless there is news to generate significante buying volume, it won't happen for a while. Kind of makes you want to set up a TFSA like Eddie did

The resistance at .12 seems relatively minor but then there will be more heavy resistance around .15.

1
Jan 07, 2009 10:50AM
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