Chart Check Terra Balcanica: Multiple Breathroughs after Five-Month Consolidation

The stock price of Canadian silver explorer Terra Balcanica Resources (WKN A40DA5 / CSE TERA) has been moving sideways since the beginning of the year, above the massive gray bottom (oscillating around both averages).

Currently, several breakthroughs are occurring:

+ the round mark of 0.10 Canadian dollars was overcome with high trading volume
+ the blue trend line was broken upwards
+ both average lines were surpassed
+ the 100-day line crosses the 200-day line upwards (this is a medium-term buy signal)
+ several indicators are giving buy signals

The 100-day line has been rising again since early March, while the 200-day line has not yet ended its downward movement.

The MACD indicator signals a buy (the blue line crosses the red line upwards) after several weeks of struggle. The trend confirmer is about to jump into positive territory above 100. The more complex DMI (Directional Movement Index) is also helpful for further upside: the green line rose above the red line in mid-May, producing a buy signal; the blue line has been rising significantly since then, indicating an increasing strength of the current trend. Particularly noteworthy is the Chaikin Money Flow, which, starting from the second week of January, has been signaling a continuous inflow of capital into the stock through its permanent course in the green area.

terrabalcanica030625-GOLDINVEST — *Source: Comdirect*

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