Chart update: Pulsar Helium – Will the breakout from the flag pattern be confirmed?

In the past, the Canadian helium company Pulsar Helium (TSXV PLSR / WKN A3EP2C) has repeatedly been good for strong price moves within very short periods of time – most recently in January (see our chart check ).

At the price peak reached there, Pulsar Helium’s share price formed a technical flag pattern over the past eight weeks. Yesterday, the upper boundary of the flag was breached for the first time (on increased volume). If this breakout is confirmed, the technical price target for this pattern will be the area around CAD 3 – derived by projecting the flag’s previous vertical range upward from the breakout level.

MACD and stochastic are positive for a further rise – in both, the blue line crossed above the red line, thereby generating a buy signal.

The Chaikin Money Flow, in particular, points to an underlying positive trend – as it remains in the green zone throughout the entire observation period (except for a brief outlier around the turn of the previous month), thus signalling a continuous inflow of capital into the stock.

Pulsar Helium chart with indicators — *Source: Comdirect*

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