Nexus Gold Corp V.NXS

Alternate Symbol(s): NXSGF

Nexus Gold Corp. is a Canada-based gold development company with a portfolio of exploration projects in West Africa. The Company’s principal business activity is the sourcing and exploration of mineral properties. Its properties include Bouboulou Property, Rakounga Gold Property, Dakuli II Property, Manzour Dayere Property, and Nianguela Property. The Bouboulou Property is located in Burkina Faso, West Africa. The Bouboulou Property concession features approximately five drill-tested zones of gold mineralization, named Koala, Rawema, Bouboulou 1, Bouboulou 2 and Pelatanga. The 250 square kilometer Rakounga Gold property is contiguous to the Company's Bouboulou gold concession, which is located in Burkina Faso, West Africa. The Dakuli II Property is an approximately 98 square kilometer concession adjacent to the Niangouela concession, bisected by the Sabce shear zone. The Company also has an option agreement to acquire approximately 90% interest Fofora gold project.

TSXV:NXS - Post by User

Nexus Gold Corp

<< Previous

Bullboard Posts

Next >>

Post by yukon_goldon Mar 13, 2024 10:05pm

266 Views

Post# 35931809

Nexus Gold Posts Bullish 200-Day MA Cross & CCI

Nexus Gold Corp forms bullish "Price Crosses Moving Average" chart pattern
Mar 13, 2024

Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Nexus Gold Corp (NXS:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.03.

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.

Nexus Gold Corp forms bullish "Commodity Channel Index" chart pattern
Mar 13, 2024

Trading Central has detected a "Commodity Channel Index" chart pattern formed on Nexus Gold Corp (NXS:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.03.

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.