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 20, 2023 4:32pm

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Post# 35550431

July 19 - Max Resource forms bullish Commodity Channel Index

Jul 19, 2023

Trading Central has detected a "Commodity Channel Index" chart pattern formed on Max Resource Corp (MAX:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.15.

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.