The chart of the Canadian exploration company Sankamap Metals Inc. (CSE: SCU; FRA: A413DA) shows a steady upward trend over the six-month period, almost exclusively above the 100-day line. Recently, the previous high point from October was reached again with increasing sales. The price gain has been at least 50% since August.
The 100-day average line is also steadily and clearly trending upwards and will soon reach the 0.30 Canadian dollar mark.
The MACD indicator recently reported a buy signal (the blue line crosses the red line upwards). The stochastic indicator also succeeded in doing this – about a week before (here, too, the blue line crosses the red line upwards).
The trend confirmer has been in the positive range above 100 since the beginning of December – after a short consolidation phase, it turned upwards again – still above 100 – a few days ago and continues to rise.
The rise to the October high briefly caused the Overbought/Oversold indicator to jump above 2.0, creating an overbought situation for this indicator. However, it then quickly returned to the normal movement zone of the indicator – with a value of 1.0, it is clearly positive but by no means overheated.
The Chaikin Money Flow is remarkable: since the beginning of the presentation, it has always been clearly in the green zone (with the exception of a three-week break), which indicates a capital inflow into the share.
