The twelve-month chart of the Canadian silver company Silver Tiger Metals (WKN A2P4YL / TSXV SLVR) shows an approximate tripling of the share price from September 2024 to mid-June of the current year — reaching the half-Canadian dollar mark, accompanied by high trading volumes.
The green and pink trend lines are clearly established, and the 200-day line could ultimately (with the exception of two short-term slips in 2024) function as permanent support for the silver company.
Both moving averages are steadily rising, and the 100-day line is consistently above the 200-day line, which is a positive sign.
Indicators for Silver Tiger Metals Again Showing a Positive Trend
The MACD indicator turned to sell at the highest point of the last twelve months (blue line crosses red line downwards), however, the other indicators are already starting to turn upwards again. For instance, the complex DMI initiated a downward movement at the end of June (green line falls, red line rises) — whose strength (blue line falls to lowest point) progressively diminished and most recently, accompanied by the upward impulse of the green line (even BEFORE the downward cross by the red line), already turned upwards again and now indicates an increasing positive trend.
The Overbought/Oversold indicator is already almost back near the neutral zero line, thus indicating a clear reduction in selling pressure. Furthermore, according to the calculation of the Chaikin Money Flow, capital has been flowing back into the stock since early June (course in the green zone) — this movement additionally turned further upwards yesterday.
