Bullboard - Stock Discussion Forum Cantex Mine Development Corp V.CD

Alternate Symbol(s): CTXDF

Metals & Mining Industrial Metals & Minerals

Cantex Mine Development Corp. is an exploration stage company. Its principal business activity is the exploration and development of mineral properties for commercial mineral deposits, and it is considered to be at the exploration stage. It is focused on its 100% owned 20,000-hectare (ha) North Rackla Project located about 150 kilometers (km) northeast of the town of Mayo in the Yukon Territory... see more

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Cantex Mine Development Corp > Cantex Mine Development Corp forms bullish Inside Bar chart

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Post by yukon_gold on Jun 05, 2024 8:45pm

Cantex Mine Development Corp forms bullish Inside Bar chart

Jun 05, 2024

Trading Central has detected an "Inside Bar (Bullish)" chart pattern formed on Cantex Mine Development Corp (CD:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.14.

Tells Me: The balance between buyers and sellers, recently dominated by the bears, is evening out. We may see higher prices ahead.

An Inside Bar develops during a strong downtrend, when the trading range is completely within the boundaries of the prior bar. This suggests the balance between buyers and sellers is becoming more evenly balanced i.e. a weakening in power for the bears and increasing in power for the bulls.

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