Bullboard - Stock Discussion Forum Max Resource Corp V.MAX

Alternate Symbol(s): MXROF

Metals & Mining Industrial Metals & Minerals

Max Resource Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition and exploration of mineral properties. The Company is engaged in advancing its Sierra Azul copper-silver project in Colombia. Its Sierra Azul copper-silver project is located in northeastern Colombia and lies along the northern portion of the Andean belt. The land tenure at Sierra Azul... see more

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Max Resource Corp > Max Resource Corp forms bullish "Hammer" chart pattern

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Post by yukon_gold on Nov 18, 2022 10:15pm

Max Resource Corp forms bullish "Hammer" chart pattern

Nov 18, 2022

Trading Central has detected a "Hammer" chart pattern formed on Max Resource Corp (MAX:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.30.

Tells Me: The price may have reached the bottom of the recent downtrend, having recovered high up from a sharp decline for the session.

The Hammer appears during a downtrend, displaying a long lower shadow with a small real body at the top of the range. The price may be developing a bottom and due for a reversal to the upside.

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