Gold79 Mines Ltd V.AUU

Alternate Symbol(s): AUSVF

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. It holds 100% earn-in option to purchase agreements on three gold projects: the Jefferson Canyon Gold project and the Tip Top Gold project both located in Nevada, U.S, and the Gold Chain project located in Arizona, U.S. In addition, the Company holds approximately 32.3% interest in the Greyhound Project, Nunavut, Canada under a joint venture by Agnico Eagle Mines Limited. The Tip Top Gold project is located at the north end of the White Mountains, five miles south of Montgomery Pass, which is on United States Highway 6 between Bishop, California, and Tonopah, Nevada. The Gold Chain project consists of around 379 Bureau of Land Management claims covering 3,058 hectares (ha) and 15 patented claims covering 107 ha.

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Gold79 Mines Ltd

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Post by yukon_goldon Oct 30, 2021 9:41am

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Post# 34067581

Gold79 Mines Posts Bullish Momentum

Gold79 Mines Ltd forms bullish "Momentum" chart pattern
Oct 29, 2021

Trading Central has detected a "Momentum" chart pattern formed on Gold79 Mines Ltd (AUU:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.07.

Tells Me: For bullish events, upward momentum has just built up with the latest price now trading higher than the price 10 bars ago. The opposite is true for bearish events where we're seeing downward momentum now that the price is trading lower than 10 bars ago.

Momentum measures the velocity of price changes. For a 10-bar momentum, we take the difference between the last bar's close and the close 10 bars ago and we plot this as a line fluctuating above and below 0 which can be used as buy and sell signals when in agreement with prevailing trend analysis. Momentum is significant because it signals the strength of price trends. A healthy price trend tends to exhibit strong momentum, while weakening trends often have decreasing momentum indicating a trend reversal or correction.

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