CCC Mentioned in Article Wondering how much influence this may have this week ahead?
The Carlyle Commodities Chart: Carlyle Commodities, a Canadian precious metals exploration company, has been trading in a bullish descending channel since Sept. 3, 2020, and on April 14 broke upwards from it. The bullish break caused the eight-day EMA to cross above the 21-day EMA, which is bullish, and Carlyle Commodities is now trading above both EMAs, which will now act as support.
On Wednesday, Carlyle Commodities regained the 200 SMA, which indicates that the sentiment in the stock is now bullish, and on Thursday Carlyle Commodities' stock closed over its resistance level at 15 cents, which will now act as support.
Increasing bull volume has entered into the stock over the past week and, since volume often precedes price action, a larger move upwards in the stock could be in the cards.
Carlyle Commodities, like Barrick Gold and Kirkland Lake, has a gap above at the 21-cent level, which is likely to be filled in the future.
Bulls want to see sustained bull volume for Carlyle Commodities’ stock to fill the gap and make its way back towards its next resistance level at 26 cents. If it can regain 26 cents, it has room to move towards the 30-cent mark before reaching another resistance zone.
Bulls want to see bear volume come into the stock to push it down below support at 15 cents. If Carlyle Commodities loses support at 15 cents, it could revisit the upper sloping trendline of the descending channel.
https://www.benzinga.com/markets/cryptocurrency/21/04/20783041/gold-over-bitcoin-3-bullish-gold-stocks-going-into-the-week