Indicators positive for the most part
The share price of the Canadian gold company Juggernaut Exploration (WKN A2PTXU / TSXV JUGR) took a breather after the vehement rise in the first half of the year.
Following the high in August, the price moved down around 50% below the blue downward trend line and was able to confirm the 0.12 Canadian dollar mark as a floor several times over the course of September and October. A few days ago, the blue trend line was broken upwards amid a significant increase in volume – the 200-day line was also broken.
As a result of the consolidation, both average lines are now only horizontal – this can be seen as neutral. The fact that the 100-day line is still above the 200-day line is positive in the medium-term.
The majority of the indicators shown are positive. The Directional Movement Index already gave a technical buy signal (green line crosses red line upwards) before the price increase – the rising blue line of this indicator points to the increasing strength of the impulse. MACD and stochastics have also already generated technical buy signals (blue line crosses red line upwards) – this was already apparent in the case of stochastics at the end of October. Only the trend confirmer is still in negative territory below the 100 – but has started a slight upward movement in the last few days.
Source: Comdirect
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