West High Yield (W.H.Y) Resources Ltd V.WHY

Alternate Symbol(s): WHYRF

Metals & Mining Industrial Metals & Minerals

West High Yield (WHY) Resources Ltd is a Canada-based junior mining exploration and development company. The Company is focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions. The Company’s Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium. The Company retains 100% of the mineral rights to the Record Ridge Property, which consists of 29 contiguous mineral claims, eight crown-granted claims, and one privately owned claim totaling 8,972 hectares. The known magnesium mineralization is located within two of the mineral claims. The infrastructure for the proposed development of the Record Ridge Property is located on mineral tenures controlled by the Company.

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West High Yield (W.H.Y) Resources Ltd

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Post by yukon_goldon Jun 11, 2024 9:24pm

1090 Views

Post# 36083909

West High Yield Resources forms bullish "Key Reversal Bar"

Jun 11, 2024

Trading Central has detected a "Key Reversal Bar (Bullish)" chart pattern formed on West High Yield (W.H.Y.) Resources Ltd (WHY:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.27.

Tells Me: Selling pressure showing signs of exhaustion; we may see higher prices at least in the short term.

A Key Reversal Bar (Bullish) develops after a strong decline. The bar shows that the price opened clearly to the downside, preferably a good deal lower than the prior close, but the bears were unable to sustain the move and after developing a wide range, the price closes near or above the prior bar's close.

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