TSXV:MAX - Post Discussion
Post by
yukon_gold on Mar 24, 2022 10:50pm
Max Resource Corp forms "Gap Up" chart pattern
Mar 24, 2022
Trading Central has detected a "Gap Up" chart pattern formed on Max Resource Corp (MAX:TSXV). This trend-ending signal indicates that the stock price trend may end.
Gaps usually represent important areas of support or resistance. A Gap Up will indicate different situations based on the context in which it was formed. A Gap Up in an uptrend may indicate a previous level of resistance has been broken and now forms a support level. A Gap Up in a downtrend may indicate an end to, or a reversal of, the prior downtrend. Gaps provide an indication of a financial instrument's SHORT-TERM outlook.
This trend-ending pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
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