TSXV:VML - Post Discussion
Post by
yukon_gold on Mar 02, 2021 8:05pm
Viscount Mining Corp forms bullish "Outside Bar" chart
Mar 02, 2021
Trading Central has detected an "Outside Bar (Bullish)" chart pattern formed on Viscount Mining Corp (VML:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.38.
Tells Me: Selling pressure showing signs of exhaustion; we may see higher prices at least in the short term. An Outside Bar (Bullish) develops during a strong downtrend, when the trading range completely encompasses the range of the prior bar. This signals an exhaustion of the prior downtrend and potentially a reversal.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
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