Max Resource Corp V.MAX

Max Resource Corp Posts Bullish 200 Day MA Crossover

[yukon_gold]

Jul 06, 2022

Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Max Resource Corp (MAX:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.39.

Tells Me: The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average period (21, 50 or 200 bars).

Moving averages are used to smooth out the volatility or "noise" in the price series, to make it easier to discover the underlying trend. By plotting the average price over the last several bars, the line is less "jerky" than plotting the actual prices. A bullish event is generated when the price crosses above the moving average, and in this state, the price is likely in an established uptrend. The opposite is true when the price crosses below the moving average, triggered a bearish event.

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

 

[severeanalysts]

We agree with everything you say, alll the right technicals and the geology to produce big big d.drill holes But they wont be d.drilling until the rainy season ends and they have a ell of a lot of road building. STILL bdding in the lows always though buy as much XGC as you can before Monday. Clled office but wont say with who and wheen they are about to do a deal. Could be EDR, or even

[cashworx22]

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