The six-month chart of the Canadian gold explorer Gold Terra Resource (TSXV: YGT, OTCQX: YGTFF, FRA: TX0) has shown a steady and very strong upward movement above the green trend line since the summer. After the share price tripled within a few months, a sideways phase began in December, oscillating around the 0.20 Canadian dollar mark. A week ago, this “lid” was broken and the next stage of the upward movement started.
Both average lines are rising steadily and, fortunately, the 100 is still clearly above this line after rising above the 200 (==> buy signal).
The MACD produced a buy signal as the blue line crossed upwards over the red line. The DMI was able to generate the buy signal as early as the beginning of January – here the green line crossed the red line upwards. An additional positive aspect of this indicator is that the green and red lines are moving further away from each other and that the blue line is rising, which indicates an increasing trend strength.
The Chaikin Money Flow has now also risen back into the green zone – this indicates an inflow of capital into the share. However, the strength of this signal has so far been low compared to previous months (and higher values).
