Bullboard - Stock Discussion Forum Chesapeake Gold Corp V.CKG

Alternate Symbol(s): CHPGF

Metals & Mining Industrial Metals & Minerals

Chesapeake Gold Corp. is a Canada-based mineral exploration and development company. The Company is focused on the discovery, acquisition, and development of gold-silver deposits in North and South America. Its primary asset is the Metates project (Metates) located in Durango State, Mexico. The Metates property is comprised of approximately 12 mineral concessions totaling approximately 4,261... see more

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TSXV:CKG - Post Discussion

Chesapeake Gold Corp > Chart technique

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Post by HuberPeter on May 23, 2021 11:57am

Chart technique

MA 50 (50 day average) crossed upwards MACD turned bull

breakout with nice volume at 4.15

RSI resistance to the upside broken
resistance at 4.40 cad broken

CONCLUSION:
Many indicators have turned to bull. The strong resistance at 4.40 cad now becomes a support. The chances are good that the resistance in the area around 4.65 cad can be broken. A start-up on the MA200 at 4,98 cad is then likely.

Peter

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