Multi-month downward trend line clearly overcome
After moving sideways in the spring, the share price of Canadian helium company Pulsar Helium (TSXV:PLSR; FRA: YK3) went into reverse and lost around half of its value below the blue trend line. Over the course of more than three months, a very stable floor was formed in the area of 0.50 Canadian dollars. At the beginning of October, turnover increased steadily and the price succeeded in clearly overcoming the blue trend line.
At its peak, the price already came close to the 100-day line intraday, which has been falling sharply since July and has already broken through the 200-day line (which, fortunately, is still rising slightly) to the downside.
The MACD indicator generated a technical buy signal back in August when the blue line crossed upwards through the red line. Since then, this signal has remained intact, albeit permanently only just. The trend confirmer has currently reached exactly the neutral mark of 100 from below and could quickly move into positive territory. After four weeks close to 30 (the level below which an oversold status applies), the Money Flow Index (sales-weighted relative strength RSI) has also managed to turn upwards – although it has not yet been able to reach the neutral midpoint (50). The Chaikin Money Flow has been showing a positive trend for the past four weeks and has been permanently in the green zone since the last week of September, indicating an inflow of capital into the stock.
Source: Comdirect
Disclaimer: GOLDINVEST Consulting GmbH offers editors, agencies and companies the possibility to publish comments, analyses and news on http://www.goldinvest.de. These contents serve exclusively the information of the readers and do not represent any kind of call to action, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. Furthermore, they do not in any way replace individual expert investment advice and do not constitute an offer to sell the stock(s) discussed or a solicitation to buy or sell securities. This is expressly not a financial analysis, but an advertising / journalistic text. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. There is no contractual relationship between the GOLDINVEST Consulting GmbH and its readers or the users of its offers, because our information refers only to the company, but not to the investment decision of the reader.
The acquisition of securities involves high risks, which can lead to a total loss of the invested capital. The information published by GOLDINVEST Consulting GmbH and its authors is based on careful research. Nevertheless, any liability for financial losses or the content guarantee for topicality, correctness, adequacy and completeness of the articles offered here is expressly excluded. Please also note our terms of use.
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 Pulsar Helium and therefore a conflict of interest exists. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares of Pulsar Helium at any time, which could influence the price of the shares. In addition, a consulting or other service contract existed between Pulsar Helium and GOLDINVEST Consulting GmbH, which means a further conflict of interest existed, since Pulsar Helium remunerated GOLDINVEST Consulting GmbH for reporting on its progress.
