Flash Chart Check Sranan Gold: Steadily Moving Upward

The six-month chart of the Canadian gold explorer Sranan Gold Corp. (WKN A416C1 / CSE SRAN) shows a steep rise from October to November. Afterward, the stock price entered the blue upward trend channel, which was briefly exited upward at the end of February with immense trading volumes. During April, the lower trend line and the 100-day moving average provided stable support.

The MACD indicator recently generated a buy signal (the blue line crosses the red line upward) – this is about to happen with the stochastic indicator as well. Recently, the Money Flow Index (volume-weighted Relative Strength RSI) managed to move upward from its lowest values near an area considered oversold (30-40) and thus currently still has plenty of room to rise.

Source: Comdirect

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