Copper Lake Resources Ltd. V.CPL

Alternate Symbol(s): WTCZF

Metals & Mining Industrial Metals & Minerals

Copper Lake Resources Ltd. is a metals exploration company. It is focused on acquiring, exploring, and developing exploration and evaluation assets in Canada. Its portfolio includes the Marshall Lake VMS Copper, Zinc and Silver property west of Lake Nipigon and the Ring of Fire Norton Lake Nickel, Copper, Cobalt, Palladium and Platinum property both located in Northwest Ontario. It holds 79.45% interest in the Marshall Lake VMS Copper Gold Project. The Marshall Lake VMS Copper Gold Project is located approximately 250 kilometers (km) north-northeast of Thunder Bay, Ontario. The property consists of 43 mineral claims (539 claim units) with an area of 8,864 ha and 89 mining leases with an area of 1,566.17 hectares, for a total land position of 10,430.17 hectares. The Norton Lake property is located about 50 km northeast of Fort Hope, Ontario and about 400 km northeast of Thunder Bay, Ontario, Canada. The Norton Lake property consists of 32 claims covering approximately 8,800 hectares.

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Copper Lake Resources Ltd.

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Post by yukon_goldon May 14, 2022 8:26am

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Post# 34683730

Copper Lake Resources Posts Bullish Hammer and RSI

Copper Lake Resources Ltd forms bullish "Relative Strength Index" chart pattern
May 13, 2022

Trading Central has detected a "Relative Strength Index (RSI)" chart pattern formed on Copper Lake Resources Ltd (CPL:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.07.

Tells Me: For bullish events, we may be seeing higher prices as the price seems to be recovering from oversold as losses on down periods (over the last 14 bars) are no longer overwhelming gains on up periods to the same extent. The opposite is true for bearish events, which signal lower prices ahead as the price seems to be recovering from overbought because up days are no longer overwhelming down days to quite the same extent.

RSI measures the strength of an issue compared to its recent history of price change by comparing "up" periods to "down" periods. It's based on the premise that overbought conditions tend to occur after the market has advanced for a disproportionate number of periods. The RSI fluctuates between 0 and 100 with 70 and 30 often used to indicate overbought and oversold levels, and 50 the dividing line indicating the direction of the trend. The RSI should not be confused with relative strength which compares a financial instrument ito a market index.

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

Copper Lake Resources Ltd forms bullish "Hammer" chart pattern
May 13, 2022

Trading Central has detected a "Hammer" chart pattern formed on Copper Lake Resources Ltd (CPL:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.07.

Tells Me: The price may have reached the bottom of the recent downtrend, having recovered high up from a sharp decline for the session.

The Hammer appears during a downtrend, displaying a long lower shadow with a small real body at the top of the range. The price may be developing a bottom and due for a reversal to the upside.

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