Solis Minerals Ltd V.SLMN

Alternate Symbol(s): SLMFF

Metals & Mining Industrial Metals & Minerals

Solis Minerals Limited is a Canada-based lithium explorer focusing on Latin American critical minerals. The Company owns a 100% interest or option to acquire 100% interest in the Borborema Lithium Project in northeast (NE) Brazil, covering approximately 26,100 hectares (ha). The Borborema Lithium Project targets exploration of Lithium-Caesium-Tantalum (LCT) bearing pegmatites. It also holds a 100% interest in approximately 35,700 ha of combined licenses and applications of highly prospective iron oxide copper/gold (IOCG) and porphyry copper projects in southwestern Peru within the country's prolific coastal copper belt - a source of nearly half of Peru's copper production. Its projects located in Peru include Il Este and Ilo Norte Copper Project, and Cinto Copper Project. The Ilo Norte Project in southern Peru is an IOCG and porphyry copper exploration target. The Company entered into an option agreement to acquire 100% interest of the Mina Vermelha project in the Borborema province.

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Solis Minerals Ltd

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Post by yukon_goldon Dec 24, 2021 11:41pm

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Post# 34262011

Solis Minerals Posts Bullish Double MA Crossover Chart

Solis Minerals Ltd forms bullish "Double Moving Average Crossover" chart pattern
Dec 24, 2021

Trading Central has detected a "Double Moving Average Crossover" chart pattern formed on Solis Minerals Ltd (SLMN:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.19.

Tells Me: The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average periods.

Moving averages (MA) 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. In the double crossover method, a bullish event is generated when a faster moving average crosses above a slower moving average (21-bar MA crosses 50-bar, or 50-bar MA crosses 200-bar). In this state, the price is likely in an established uptrend. The opposite is true when the faster slips below the slower moving average, triggering a bearish event.

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