TSXV:CSG.H - Post by User
Post by
2Subtleon Jan 31, 2023 10:07pm
250 Views
Post# 35258519
Reached the base
Reached the baseOur research has discovered a basing pattern that has been reliable in setting up a lengthy bull market. This involves a hit down to an oversold level which had CSG dropping from 20 cents at the opening of trade to 3.5 cents. The base runs some five to six months in a narrow range and completes by rising above key moving averages. On this one, the base built for six months and the rise occurred in the seventh.
The base has been successfully completed. The next step will be to set the uptrend, which would be accomplished by rising above 7 cents. With that the nearby target, technically, becomes 20 cents.
With a private placement for $500,000 virtually sold out, the fundamentals of anticipating drilling could drive the stock to prices higher than now.