KAT Exploration Inc (KATX)

[ClayTrader]

** KATX Video Chart 4/21/11 **

Very nice "double bottom" bounce off of the $.01 support level. It is very evident that the bulls have drawn a line in the sand down at the $.01 level and refuse to give that up. The last two times the price has hit that level, it's acted just like a trampoline. Going forward, $.02 is the KEY level of resistance that the Bulls must push through, but more importantly, maintain above.

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Link to Video - click here to watch the technical chart video