Bullboard - Stock Discussion Forum Gold79 Mines Ltd AUSVF

Primary Symbol: V.AUU

Metals & Mining Industrial Metals & Minerals

Gold79 Mines Ltd. is a Canada-based exploration stage junior mining company. The Company is focused on building ounces in the Southwest United States (U.S.). It is engaged in the identification, acquisition, evaluation and exploration of mineral properties in North America. The Company’s gold projects include the Jefferson Canyon Gold project and the Tip Top Gold project, both located in Nevada... see more

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Gold79 Mines Ltd > Gold79 Mines Ltd forms bullish "Gravestone" chart pattern

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Post by yukon_gold on Aug 20, 2021 8:47pm

Gold79 Mines Ltd forms bullish "Gravestone" chart pattern

Aug 20, 2021

Trading Central has detected a "Gravestone (Bullish)" chart pattern formed on Gold79 Mines Ltd (AUU:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.06.

Tells Me: The bears have sustained control over the downtrend, but the period has shown a surge of bullish demand that suggests we are nearing a bottom. During a downtrend, the bar opens at its low (or very close to its low), then rallies, but isn't able to sustain the move and closes back down near the open. The bulls have lost the battle but have shown some strength during this period. It's possible we are nearing a bottom.

This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.