Bullboard - Stock Discussion Forum JZR Gold Inc. V.JZR

Alternate Symbol(s): JZRIF

Metals & Mining Gold

JZR Gold Inc. is a Canada-based junior mining resource company. The Company is engaged in the business of the exploration and development of mineral properties. The Company holds interests in the province of British Columbia, Canada, and the State of Amapa, Brazil. Its Spider mine in British Columbia are gold and silver exploration targets. The Company’s flagship property is the Vila Nova Gold... see more

TSXV:JZR - Post Discussion

JZR Gold Inc. > JZR Gold Inc forms bullish "Hammer" chart pattern

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Post by yukon_gold on Apr 08, 2023 6:33pm

JZR Gold Inc forms bullish "Hammer" chart pattern

Apr 07, 2023

Trading Central has detected a "Hammer" chart pattern formed on JZR Gold Inc (JZR:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.57.

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.