MACD and stochastic indicator with buy signal
The twelve-month chart of the Canadian exploration company Heritage Mining (WKN A3DTM6 / CSE HML) shows the share price oscillating around 0.04 Canadian dollars around the turn of the year. The massive bottoming out in February and March of this year marked the starting point for an upward movement above the blue trend line, which led the price to the annual high of 0.08 CAD three weeks ago. Currently, the price is consolidating somewhat, but remains above the upward trend line and the 100 and 200 day lines.
Three positive facts can be identified in the average lines:
+ the 100-day line has been rising steadily since the summer
+ since the beginning of October, the 200-day line has now also turned upwards
+ in mid-August, the 100-day line crossed the 200-day line upwards, generating a medium-term buy signal
In line with this, the MACD and Stochastics indicator recently generated a buy signal (the blue line crossed the red line upwards). After the trend confirmation crossed above the 100 mark into positive territory at the beginning of October, it initially rose steeply and then reversed course with the start of the consolidation – since the beginning of the current month, it has fortunately remained above the 100 mark.
The Chaikin Money Flow is still in the red, but the trend is pointing upwards – according to this indicator, the flow of capital out of the stock is thus decreasing. The Overbought/Oversold indicator has shown significant reactions over the last 12 months – the 2.0 mark, which is considered overbought, has been reached or exceeded several times. Currently, at 0.6, it is close to the neutral zero mark.
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According to §34b WpHG and § 48f Abs. 5 BörseG (Austria) we would like to point out that GOLDINVEST Consulting GmbH and/or partners, principals or employees of GOLDINVEST Consulting GmbH hold shares of Heritage Mining Ltd. and therefore a conflict of interest exists. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares of Heritage Mining Ltd. at any time, which could influence the price of the shares. In addition, there is a consulting or other service contract between Artic Fox Lithium Corp. and GOLDINVEST Consulting GmbH, with which a further conflict of interest exists, since Heritage Mining Ltd. remunerates GOLDINVEST Consulting GmbH for reporting.
