The share price of the Canadian gold explorer Lake Victoria Gold – operating in Tanzania – (TXV LVG / WKN A3E4WC) was able to break through both average lines upwards at the beginning of December and then crack the 0.3 Canadian dollar mark with high sales by the end of the year. Currently, there is a slight consolidation phase that ended at the green trend line – since then it has been going up again.
The embedded five-year chart illustrates the significance of the current price movement. After high points in 2022, it went sideways in the range of CAD 0.15-0.20 for almost three years.
The average lines are positive – both are rising and the 100-day line runs above the 200-day line without a break.
The MACD indicator is about to generate a buy signal (when the blue line crosses the red line upwards). This has already been achieved by the stochastic indicator, which, however, has so far generated signals in quicker succession than the MACD.
Also in December, the trend confirmer jumped over the neutral 100 into positive territory and rose massively. The following consolidation of the share price was also reflected in this indicator: it went downwards – however, this movement ended far above the 100 and a first hook upwards is showing again.
Noteworthy is the Chaikin Money Flow, which has run almost exclusively in the green zone since the beginning of the chart, indicating a flow of capital into the stock – currently even further increasing.
Source: Comdirect
