Storm Exploration Inc CWVWF

Primary Symbol: V.STRM

Metals & Mining Industrial Metals & Minerals

Storm Exploration Inc. is a Canadian mineral exploration company. The Company is focused on the discovery and development of economic precious and base metal deposits on four district-scale projects in northwest Ontario: Miminiska, Keezhik, Attwood and Gold Standard. The 5,494 hectares (ha) Miminiska project is located approximately 350 kilometers (km) north of the city of Thunder Bay in north-western Ontario and within traditional territory of the Eabametoong First Nation. The Keezhik Project is located approximately 380 km north of the city of Thunder Bay and within the traditional territory of the Eabametoong First Nation. The project comprises over 570 mineral claim cells covering 12,482 ha. The Attwood Project is located in north-western Ontario approximately 320 km north of the city of Thunder Bay and within the traditional territory of the Eabametoong First Nation. The Gold Standard Project comprises over 284 mineral claims covering 6,016 ha.

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Storm Exploration Inc

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Post by yukon_goldon Nov 30, 2023 11:19pm

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Post# 35762706

Storm Exploration Inc forms bullish "Momentum" chart pattern

Nov 30, 2023

Trading Central has detected a "Momentum" chart pattern formed on Storm Exploration Inc (STRM:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.08.

Tells Me: For bullish events, upward momentum has just built up with the latest price now trading higher than the price 10 bars ago. The opposite is true for bearish events where we're seeing downward momentum now that the price is trading lower than 10 bars ago.

Momentum measures the velocity of price changes. For a 10-bar momentum, we take the difference between the last bar's close and the close 10 bars ago and we plot this as a line fluctuating above and below 0 which can be used as buy and sell signals when in agreement with prevailing trend analysis. Momentum is significant because it signals the strength of price trends. A healthy price trend tends to exhibit strong momentum, while weakening trends often have decreasing momentum indicating a trend reversal or correction.

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