After halving in price over the turn of the year, the share price of gold explorer Goliath Resources (WKN A2P063 / TSXV GOT) entered a prolonged bottoming phase and has been moving sideways below 0.9 Canadian dollars. But, if one looks for indications of an upward turn, a number can be identified:
+ the low of September is above the low of May (blue line) + Both lows were followed by rises with high turnovers + the 100 day line rises again + the share price h at was able to overcome the 200-day line for a few weeks for the first time this year (even if it is currently trading below it again – the gray lines should have a supporting effect) + the 100 day line has cut the 200 day line upwards – charttechnically a medium-term buy signal
The indicators shown in the below chart could also support this. The stochastic indicator recently generated a sell signal (blue line crosses red line to the downside), but is already close to the lows that indicated a price reversal to the upside in the past. The trend support has been clearly holding in positive territory above the neutral mark of 100 for over three weeks. The Overbought/ Oversold indicator is in the middle range near zero as neutral. A positive aspect is the transition of the Chaikin Money Flow into the green zone – according to the calculation method of this indicator, this indicates an inflow of capital into the share.
According to §34b WpHG and according to Paragraph 48f paragraph 5 BörseG (Austria) we would like to point out that principals, partners, authors and employees of GOLDINVEST Consulting GmbH hold or may hold shares of Goliath Resources and therefore a possible conflict of interest exists. We also cannot exclude that other stock letters, media or research firms discuss the stocks we recommend during the same period. Therefore, symmetrical information and opinion generation may occur during this period. Furthermore, there is a consulting or other service contract between Goliath Resources and GOLDINVEST Consulting GmbH, which means that a conflict of interest exists.