Chart Update Cerro de Pasco Resources: On the Verge of a Breakout?

The stock price of the Canadian metal explorer Cerro de Pasco Resources (WKN A2N7XK / TSXV CDPR) moved into the apex of the blue triangle in April. Today, for the first time – albeit only intraday – a breakout above the upper boundary line was achieved. This was accompanied by a significant increase in trading volume, which clearly surpassed the already elevated volumes of the previous days.

Since the last third of April, the price has been trading above the three average lines, all of which are currently also rising.

Since mid-April, the MACD indicator has been showing a buy signal (the black line overcame the red line). The PVO (Price Volume Oscillator) followed suit yesterday – the delay is explained by the low up-volumes following the massive volume peak during the price decline on April 11th and 12th.

Source: Stockcharts.com

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