Bullboard - Stock Discussion Forum Goliath Resources Ltd GOTRF

Primary Symbol: V.GOT

Metals & Mining Industrial Metals & Minerals

Goliath Resources Limited is a Canada-based junior resource exploration company. The Company is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and Abitibi Greenstone Belt of Quebec. The Company owns 100% of the Golddigger property that covers an area of 52,756 hectares. The Homestake Ridge Deposit (Fury Gold Mines Limited), Dolly Varden... see more

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Goliath Resources Ltd > Goliath Resources Ltd forms bullish "Hammer" chart pattern

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Post by yukon_gold on Oct 14, 2024 10:59pm

Goliath Resources Ltd forms bullish "Hammer" chart pattern

Oct 11, 2024

Trading Central has detected a "Hammer" chart pattern formed on Goliath Resources Ltd (GOT:TSXV). This bullish signal indicates that the stock price may rise from the close of $1.23.

Tells Me: The price may have reached the bottom of the recent downtrend, having recovered high up from a sharp decline for the session.

The Hammer appears during a downtrend, displaying a long lower shadow with a small real body at the top of the range. The price may be developing a bottom and due for a reversal to the upside.

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