Bullboard - Stock Discussion Forum Lucky Minerals Inc V.LKY

Alternate Symbol(s): LKMNF

Metals & Mining Industrial Metals & Minerals

Lucky Minerals Inc. is a Canada-based exploration stage company. The Company is principally engaged in the acquisition, exploration, and evaluation of mineral properties. The Company has option to acquire approximately 100% beneficial and legal interest in the Prudhomme Project located in Northern Quebec, Canada (the Property). The Prudhomme Project is comprised of over 181 claims covering... see more

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TSXV:LKY - Post Discussion

Lucky Minerals Inc > Lucky Minerals forms bullish "Gravestone" chart pattern

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Post by yukon_gold on Dec 13, 2021 10:29pm

Lucky Minerals forms bullish "Gravestone" chart pattern

Dec 13, 2021

Trading Central has detected a "Gravestone (Bullish)" chart pattern formed on Lucky Minerals Inc (LKY:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.08.

Tells Me: The bears have sustained control over the downtrend, but the period has shown a surge of bullish demand that suggests we are nearing a bottom.

During a downtrend, the bar opens at its low (or very close to its low), then rallies, but isn't able to sustain the move and closes back down near the open. The bulls have lost the battle but have shown some strength during this period. It's possible we are nearing a bottom.

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