The five-year chart of the Canadian gold company Tocvan Ventures (CSE TOC / WKN TV3/A2PE64) shows a falling trend channel since 2021, which ended at the turn of the year 2023/24. Since then, the price has been moving in the blue upward trend channel – the resistance from 2023 (gray line) has already been overcome once (with increased trading volumes) and a three-year high has been reached.
Both averages are clearly rising – in addition, since the buy signal from summer 2024 (when the 100-day line crossed above the 200-day line), the 100-day line continues to run above the 200-day line.
The trend confirmation indicator also reflects the upward tendency. It has been rising steeply for six months, has already reached a four-year high, and has been running in the positive zone above 100 since the end of February.
Source: Comdirect