{kanada_flagge}The five-year chart of Sitka Gold (WKN A2JG70 / CSE SIG) shows one thing in addition to the massive price swings: the lows are on a clear, rising line – this could reflect the progress of the project as a whole.
{kanada_flagge}The five-year chart of Sitka Gold (WKN A2JG70 / CSE SIG) shows one thing in addition to the massive price swings: the lows are on a clear, rising line – this could reflect the progress of the project as a whole.
Source: Comdirect
The six-month chart also shows strong movements – twice the support at 0.09 Canadian dollar has held, after the mark of CAD 0.15 could be reached in the high points and once even overcome. Since the June low, the price has now been moving upwards for three weeks above the blue trend line with high turnover, starting from the low at 0.09 CAD, and was able to overcome the 100-day line again for the first time. The violet downward trend line, which has existed since April, could also be broken.
A negative is the fact that the 200-day line continues to fall and the 100-day line continues to run below it, but fortunately the latter has recently entered a sideways movement.
The indicators reflect the upward impulse, but are far from being in the overbought zone. The MACD generated a buy signal at the end of June (the blue line overcame the red line), as did the DMI shortly thereafter (the green line was able to overcome the red line – the blue line indicating trend strength is starting to rise). The trend indicator has turned down, but is still in negative terrain below the 100. The Chaikin Money Flow shows an inflow of capital into the share since mid-April according to its calculation method (always in the green zone).
Should the chart be able to continue upwards, the 200-day line would first come into view – as a later price target, the falling blue line (derived from the high points of this year).
Source: Comdirect
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