Nexus Gold Corp V.NXS

Alternate Symbol(s): NXSGF

Nexus Gold Corp. is a Canada-based gold development company with a portfolio of exploration projects in West Africa. The Company’s principal business activity is the sourcing and exploration of mineral properties. Its properties include Bouboulou Property, Rakounga Gold Property, Dakuli 2 Property, Manzour Dayere Property, and Nianguela Property. The Bouboulou Property is located in Burkina Faso, West Africa. The Bouboulou Property concession features approximately five drill-tested zones of gold mineralization, named Koala, Rawema, Bouboulou 1, Bouboulou 2 and Pelatanga. The 250 square kilometer Rakounga Gold property is contiguous to the Company's Bouboulou gold concession, which is located in Burkina Faso, West Africa. The Dakuli 2 Property is an approximately 98 square kilometer concession adjacent to the Niangouela concession, bisected by the Sabce shear zone. The Manzour-Dayere Project is located in southwestern Burkina Faso, near the border with Ghana.

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Nexus Gold Corp

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Post by yukon_goldon Feb 23, 2024 9:29pm

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Post# 35896813

Nexus Gold Corp Posts Bullish 21-Day MA Cross Chart

Nexus Gold Corp forms bullish "Price Crosses Moving Average" chart pattern
Feb 23, 2024

Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Nexus Gold Corp (NXS:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.02.

Tells Me: The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average period (21, 50 or 200 bars).

Moving averages are used to smooth out the volatility or "noise" in the price series, to make it easier to discover the underlying trend. By plotting the average price over the last several bars, the line is less "jerky" than plotting the actual prices. A bullish event is generated when the price crosses above the moving average, and in this state, the price is likely in an established uptrend. The opposite is true when the price crosses below the moving average, triggered a bearish event.

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