The Canadian helium company Pulsar Helium (TSXV PLSR / WKN A3EP2C) succeeded (as indicated in the previous chart update), accompanied by massive trading volumes, in clearly breaking the flag formation to the upside. Intraday, the level of 2.50 Canadian dollars was exceeded, and with the day’s high at CAD 2.69, two thirds of the way to CAD 3.00 has already been covered.
The trend confirmation indicator has now moved away again from the neutral level of 100 and is clearly trading above it in positive territory. In the more complex DMI, the positive tendency has continued following the buy signal (green line crosses the red line upwards): green continues to rise – red continues to fall. In addition, the blue line continues to increase, thereby signalling a strengthening of the current trend.
The Money Flow Index (volume-weighted relative strength RSI) still has plenty of room to the upside. While it was recently still around 40 (and thus not very far above a reading of oversold – 30 or less), it has now turned upwards and, at 52, is only in the neutral zone. It would be overbought at readings of 70–80.
