Our chart-technically based optimism regarding the Canadian helium company Pulsar Helium (TSXV PLSR / WKN A3EP2C) from early December and from two weeks ago has been rewarded with a price performance of well over 100%.
In the six weeks since the depicted upward trend reversal, the share price rose steadily within the green trend channel and, in the peak accompanied by massive sales, already reached the mark of two Canadian dollars intraday the day before yesterday. Yesterday’s consolidation impulse missed the upper edge of the trend channel – together with the gray trend line, this could herald the emergence of an even steeper movement. However, one should wait for the next few days here.
Both average lines continue to rise – the medium-term buy signal generated by the 100 crossing the 200 is still active.
The buy signal of the MACD indicator from the last chart check is also still valid and has further strengthened (blue line runs increasingly above the red line).
The Chaikin Money Flow also remains positive: throughout the entire observation period, it runs in the green zone, which indicates an inflow of capital. The increasing tendency from the previous chart check continues to exist – currently the indicator is trading near the highest level since October.
Since the beginning of the chart, the Overbought/Oversold indicator never reached the value of 2.0, from which an overbought status would have had to be reported. At 1.7, it came close to 2.0 – but at currently 0.8, the more normal zone has already been reached again.
