Chart Update Cerro De Pasco: Will the Resistance at CAD 0.54 Now be Overcome?

The six-month chart of the Canadian metal explorer Cerro de Pasco Resources (WKN A2N7XK / TSXV CDPR) shows a steep increase in the first three months, during which the share price roughly doubled. From July onwards, it moved sideways above CAD 0.40 (with the 100-day line proving to be a reliable support, as in the past).

In the process, it repeatedly failed (with one intraday exception) to break the grey resistance line. The third wave upwards is currently underway – accompanied by a very high turnover, which so far represents the peak of the volumes that have been rising for weeks.

At the beginning of September, the MACD generated a buy signal (blue line crosses red line upwards), which weakened briefly, but is currently clearly valid again. The trend confirmation also manages to remain above the neutral 100 and even increase slightly. The overbought/oversold indicator is now back in the range of past high points – however, according to chart theory, it is only considered overbought from values of 2.0.

Share price chart of Cerro de Pasco Resources — *Source: Comdirect*

Keywords

Featured Company

Further Links

Never miss important news again.

Receive exclusive updates on exciting commodity companies, market analyses, and investment opportunities directly in your inbox.

By submitting the form, you agree that your contact details will be processed for sending the newsletter.

Disclaimer

I. Information Function and Disclaimer: GOLDINVEST Consulting GmbH offers editors, agencies, and companies the opportunity to publish comments, analyses, and news on www.goldinvest.de. The content serves exclusively for general information and does not replace individual, professional investment advice. It does not constitute financial analyses or sales offers, nor is it a solicitation to buy or sell securities. Decisions made based on the published information are entirely at your own risk. No contractual relationship arises between GOLDINVEST Consulting GmbH and the readers or users, as our information relates exclusively to the company and not to personal investment decisions.

II. Risk Disclosure: The acquisition of securities involves high risks, which can lead to the total loss of the capital invested. Despite careful research, GOLDINVEST Consulting GmbH and its authors assume no liability for financial losses or for the content’s guarantee regarding timeliness, accuracy, appropriateness, and completeness of the published information. Please also note our further terms of use.

III. Conflicts of Interest: In accordance with §34b WpHG and §48f para. 5 BörseG (Austria), we point out that GOLDINVEST Consulting GmbH, as well as its partners, clients, or employees, hold shares in the aforementioned companies. Furthermore, a consulting or other service agreement exists between these companies and GOLDINVEST Consulting GmbH, and it is possible that GOLDINVEST Consulting GmbH may buy or sell shares of these companies at any time. These circumstances can lead to conflicts of interest, as the aforementioned companies compensate GOLDINVEST Consulting GmbH for its reporting.