Max Resource Corp V.MAX

Alternate Symbol(s): MXROF

Metals & Mining Industrial Metals & Minerals

Max Resource Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition and exploration of mineral properties. The Company is engaged in advancing its Sierra Azul copper-silver project in Colombia. Its Sierra Azul copper-silver project is located in northeastern Colombia and lies along the northern portion of the Andean belt. The land tenure at Sierra Azul includes 188 square kilometers (km2) of mining concessions and 1,141 km2 of mineral concession applications. The Sierra Azul Copper-Silver Project comprises three districts: Uru, Conejo and AM Copper silver Zone. The Project hosts stratiform copper-silver mineralization in the southern end (URU and Conejo zones). The Company has also entered into a mineral right purchase agreement to acquire approximately 100% interest the Floralia DSO Iron Ore Project. The Floralia DSO Iron Ore property is located 120-km east of the city of Belo Horizonte in the State of Minas Gerais, Brazil.

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Max Resource Corp

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Post by yukon_goldon Jul 26, 2022 8:59pm

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Post# 34852618

Max Resource Corp forms bullish "Continuation Wedge" chart

Jul 26, 2022

Trading Central has detected a "Continuation Wedge (Bullish)" chart pattern formed on Max Resource Corp (MAX:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.38 to the range of $0.53 - $0.57. The pattern formed over 21 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

Tells Me: After a temporary interruption, the prior uptrend is set to continue.

A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.

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