Price already doubled
The share price of the copper and gold explorer Aston Bay Holdings (TSX.V: BAY, FSE: 6AY, WKN: A2AUFP) has moved upwards above the blue trend line since January and more than doubled its value. The positive breakout in August and September, which was accompanied by extreme turnover, did not last long and has now been fully compensated – the trend line currently continues to hold.
The two average lines are still rising slightly – this is positive. The medium-term chart-technical buy signal, which results from the upward crossing of the 100-day line by the 200-day line, fortunately already took place before the price jump and thus confirms the steadily rising blue trend line.
The MACD and the stochastic indicator have both recently generated a chart-technical buy signal (the blue line was able to intersect the red line upwards). The Chaikin Money Flow indicator has been trading in the green zone again for a few days, indicating an inflow of capital into the share. The Overbought/ Oversold indicator is also rising – however, it is still very close to the neutral zero (it would only be overbought at 2.0).
Quelle: Comdirect
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