Hanstone Gold Corp HANCF

Primary Symbol: V.HANS

Metals & Mining Gold

Hanstone Gold Corp. is a Canada-based junior mineral resource company, which is engaged in the acquisition and exploration of mineral properties. The Company is engaged in the exploration of precious metal projects in the Golden Triangle of British Columbia, Canada. The Company’s projects include the Doc Property and Snip North Property. The Doc Property consists of eight contiguous mineral claims totalling 1,704.23 hectares (ha). The Doc Property is located in the Skeena Mining Division in northwest British Columbia, approximately 55 kilometers northwest of the community of Stewart British Columbia. The Company acquired a 100% interest in the Snip North Property, comprised of five mineral claims located in British Columbia, approximately 50 kilometers north of the Doc Property. It also operates three mineral exploration claims comprising approximately 355.37 hectares in the Province of British Columbia.

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Hanstone Gold Corp

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Post by yukon_goldon Jun 28, 2022 8:04pm

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Post# 34789127

Hanstone Gold Corp forms bullish "Relative Strength Index"

Jun 28, 2022

Trading Central has detected a "Relative Strength Index (RSI)" chart pattern formed on Hanstone Gold Corp (HANS:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.14.

Tells Me: For bullish events, we may be seeing higher prices as the price seems to be recovering from oversold as losses on down periods (over the last 14 bars) are no longer overwhelming gains on up periods to the same extent. The opposite is true for bearish events, which signal lower prices ahead as the price seems to be recovering from overbought because up days are no longer overwhelming down days to quite the same extent.

RSI measures the strength of an issue compared to its recent history of price change by comparing "up" periods to "down" periods. It's based on the premise that overbought conditions tend to occur after the market has advanced for a disproportionate number of periods. The RSI fluctuates between 0 and 100 with 70 and 30 often used to indicate overbought and oversold levels, and 50 the dividing line indicating the direction of the trend. The RSI should not be confused with relative strength which compares a financial instrument ito a market index.

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