Chart Check Aztec Minerals: Still in the Uptrend

The share price of Canadian precious metals explorer Aztec Minerals (TSXV AZT / WKN A2DRF0)
has realized the upward movement anticipated in the chart check of May 30 and reached its peak in mid-June at 0.28 Canadian dollars. Since then, a consolidation phase has been underway – however, the green uptrend line, existing since early April, remains clearly intact.

The two average lines are continuously rising, albeit slightly, but steadily, and have been running almost identically for over two months.

The MACD indicator generated a buy signal two weeks ago – the blue line crossed above the red line. The trend confirmer also showed consolidation, mirroring the share price movement, which briefly even (albeit minimally) fell below the neutral 100, but is currently clearly trading in positive territory again.

The Chaikin Money Flow also indicates the end of the consolidation phase, which, after capital outflows (movement in the red zone), has almost risen back into the green zone (inflow of capital). Currently, the highly oscillating Overbought/Oversold indicator is running at just over 0.5, thus in the middle range – it is currently to be considered neutral.

aztecminerals230725-GOLDINVEST — *Source: Comdirect*

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