The chart of the Canadian helium company Pulsar Helium (TSXV PLSR / WKN A3EP2C) shows a clear break of the downtrend that has been in place since October, below the red trend lines. The 100-day line and the green uptrend line, which can be derived since November, halted the decline in the stock price.
While the 200-day moving average has been moving sideways for almost eight weeks, the 100-day line continues to rise and has already generated a medium-term buy signal by crossing above the 200-day moving average.
Indicators Paint a Positive Picture for Pulsar Helium
The MACD indicator recently generated a buy signal (blue line crosses red line upwards) – this also occurred almost simultaneously with the somewhat more volatile Stochastic indicator. The Chaikin Money Flow is particularly noteworthy: it has been in the green zone since September, indicating a capital inflow. This trend has been increasing again for the past three weeks.
