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Olivut Resources Ltd V.OLV

Alternate Symbol(s):  OLVRF

Olivut Resources Ltd. is a Canada-based company engaged in the acquisition, exploration and evaluation of mineral properties for the purpose of mining diamonds and other precious and base minerals. The Company has a 100% mineral interest in the HOAM Project located in the Mackenzie Region (the HOAM Project) and a 50% interest in the Seahorse Project (the Seahorse Project). Both projects are located in Canada’s Northwest Territories. The HOAM Project Area covers part of the Interior Plains region south of Great Bear Lake in the southwestern part of the Northwest Territories. The HOAM Project Area lies within three traditional Aboriginal settlement regions of the Northwest Territories: the Sahtu in the north, the North Slave in the east and the Deh Cho in the center and south. The Company’s interest in the Seahorse Project includes any mineral deposits discovered, whether diamonds or other minerals.


TSXV:OLV - Post by User

Bullboard Posts
Post by DRILLFILLBILLon Apr 15, 2016 6:40pm
59 Views
Post# 24773655

Olivut Stock

Olivut StockAs I've mentioned in the past, it's very difficult to predict future price action with a low-volume stock like Olivut.  It's difficult because I use volume based oscillators.   However, here is a simple exercise I would like all Olivut enthusiasts to do this weekend: On a monthly chart using 10 years of data, set an EMA on 12, and a WMA on 6.  In June of 2010, you will see that the WMA crossed over the EMA at a closing price of $0.63CAD.  That could be interpreted as a rudimentary "buy" or bullish signal.   It's late, but it's a simple way of illustrating my point.   Now, if you wait for the EMA to cross above the WMA to exit, you would leave about a $1 on the table....but at least you get a profit.  If you fast forward to today, you will see that the WMA crossed above the EMA NOW....April 2016.  It's been exactly 4 years since this has happened.   I realize this is a crude method, but I can't use my traditional technique.   Bottom Line: Buy OLV if you haven't already.   Get a position because I believe something is brewing.     
Bullboard Posts