Bullboard - Stock Discussion Forum Dolly Varden Silver Corp DOLLF

Primary Symbol: V.DV

Metals & Mining Industrial Metals & Minerals

Dolly Varden Silver Corporation is a mineral exploration company. The Company is focused on advancing its Kitsault Valley Project, which combines the Dolly Varden Project and the Homestake Ridge Project, which is located in the Golden Triangle of British Columbia, Canada, about 25 kilometers by road to tide water. The 163 square kilometer project hosts the high-grade silver and gold resources... see more

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Dolly Varden Silver Corp > Dolly Varden Silver forms bullish "Inverted Hammer" chart

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Post by yukon_gold on Nov 01, 2021 7:43pm

Dolly Varden Silver forms bullish "Inverted Hammer" chart

Nov 01, 2021

Trading Central has detected an "Inverted Hammer" chart pattern formed on Dolly Varden Silver Corp (DV:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.49.

Tells Me: The recent decline is approaching its bottom, as the balance between buyers and sellers evens out and there's an attempt (though failed) at higher prices.

The Inverted Hammer appears during a downtrend with a long upper shadow reflecting an attempt a higher prices, and a small real body at the lower end of the range reflecting an evening out of the balance between buyers and sellers as the bears have lost some control. The price may have reached a bottom and ready to turn higher.

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