Copper Lake Resources Ltd. V.CPL

Alternate Symbol(s): WTCZF

Metals & Mining Industrial Metals & Minerals

Copper Lake Resources Ltd. is a Canadian mineral exploration and development company with interests in two projects both located in Ontario. The Company's projects include Marshall Lake and Norton Lake. The Marshall Lake high-grade volcanogenic massive sulfide copper, zinc, silver and gold project, comprises an area of approximately 220 square kilometers located 120 kilometers (kms) north of Geraldton, Ontario and is 22 kms north of the main CNR rail line. It has around 82.55% interest in the joint ventured property, which consists of 233 claims and 52 mining leases. The project also includes 148 claim cells that are 100% owned. Marshall Lake also includes the Sollas Lake and Summit Lake properties, which are 100% owned by the Company. It has around 69.79% joint venture interest in the Norton Lake nickel, copper, cobalt, and palladium platinum group metal (PGM) property that is located in the southern Ring of Fire area, approximately 100 kms north of the Marshall Lake Property.

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Copper Lake Resources Ltd.

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Post by yukon_goldon Nov 28, 2021 3:51pm

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Post# 34173917

Copper Lake Resources Posts Bullish 50-Day MA Crossover

Nov 26, 2021

Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Copper Lake Resources Ltd (CPL:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.07.

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.