{australien_flagge}The positive outlook from our last chart check on American West Metals (WKN A3DE4Y / ASX AW1) has been confirmed with continued high volume.
{australien_flagge}The positive outlook from our last chart check on American West Metals (WKN A3DE4Y / ASX AW1) has been confirmed with continued high volume.
The light blue uptrend channel widened and was able to reach the double resistance formed by the 100-day line and the long-term purple downtrend line a few days ago. There, the price consolidated, fell back into the middle of the blue trend channel and is currently making the next attempt to the upside – should this succeed, the area around the mark of 0.10 Australian dollars would first come into view as a target. This is also the 200-day line.
Both average lines continue to fall – this is to be seen negatively.
The stochastic indicator could already generate a charttechnical buy signal again after the consolidation (the blue line crosses the red line upwards). It is also positive that the trend indicator continues to move clearly in positive terrain above the 100 since the last chart check. The Chaikin Money Flow has been oscillating between capital outflow and inflow (red and green zones, respectively) in recent weeks, after the outflow tendency has clearly diminished since February. The Overbought/ Oversold indicator reached a high near 2.0 (considered overbought) on the day the share price made contact with the downtrend line, but then quickly retreated to the neutral center around zero.
Source: Comdirect
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