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Brixton Metals Corp V.BBB

Alternate Symbol(s):  BBBXF

Brixton Metals Corporation is a Canada-based exploration company focused on the advancement of its mining projects. The Company is engaged in the acquisition and exploration and evaluation of resource assets located in British Columbia and Ontario, Canada, and Montana, USA. Its projects include the Thorn copper-gold-silver-molybdenum Project, Hog Heaven copper-silver-gold Project, Langis-Hudson Bay silver-cobalt-nickel Project and Atlin Goldfields Project. Its wholly owned Thorn Project is a 2,867 square kilometer mineral claim group. The Thorn Project is located in northwestern British Columbia, Canada, approximately 90 km ENE from Juneau, Alaska. The Hog Heaven Project consists of over 10 sections of private land. The project is located in Northwest Montana, USA. The Langis and HudBay Silver-Cobalt-Nickel projects are located within the historic silver-cobalt mining camp over 500 km north of Toronto, Canada. The Atlin Goldfields Project is in Northwest British Columbia, Canada.


TSXV:BBB - Post by User

Post by yukon_goldon Sep 27, 2022 8:03pm
266 Views
Post# 34990870

Brixton Metals Corp forms bullish "Commodity Channel Index"

Brixton Metals Corp forms bullish "Commodity Channel Index"
Sep 27, 2022

Trading Central has detected a "Commodity Channel Index" chart pattern formed on Brixton Metals Corp (BBB:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.18.

Tells Me: The price is relatively far from its 20-bar average price.

The Commodity Channel Index (CCI) measures the deviation of the price from its average value (comparing to a chosen moving average, typically 20 bars). The oscillator is normalized by dividing by the typical deviation, so we get an oscillator fluctuating roughly between +100 and -100. Many traders use these as overbought(+100)/oversold(-100) markers and watch for signs of reversal, but original use was to consider long positions when CCI is above +100 (bullish event), and short when below -100 (bearish event). When the price crosses back in between +100 and -100, another event is triggered to indicate an end to the prior bullish or bearish situation and a possible opportunity to close out such a position.

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

Price Chart - Brixton Metals Corp
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