LOU SCHIZAS
RTGAM

Hey Lou,

I would really appreciate your opinion on Zenyatta Ventures. I think it is now undervalued but what do I know. I'm only a senior, senior. LOL!


Please send me your opinion on this stock.


Thank you,

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Lou



Thanks for the assignment. This will be the second time since 2013 that I inspect the charts for Zenyatta Ventures Ltd. ( ZEN TSXV). The last time was in November 2013 when the shares were trading for $3.03. Gavin wanted my thoughts on the stock and the research conducted identified ZEN as a speculative investment.


The shares peaked near $5.00 in July of 2013 where the MACD and the RSI generated sell signals. ZEN retreated to $2.00 by October of 2013 where it caught a bounce to resistance at $3.50. At the time the stock was testing support at $3.00 and it was advised that if he was so inclined that the best approach was to average into the stock slowly and not jump in with both feet.


Another examination of the charts for ZEN will inform my opinion on how to manage this graphite deposit.