As shares of US Copper Corp. $USCU/$USCU.V follow a bearish trend to plumb depths near all-time lows, indicators appear to be showing signs of a trend reversal similar to the last big run.
With the long-range Stochastic Oscillator showing some eerily similar movement, the long-range RSI is also showing levels almost identical to those before the last run.
Should the momentum of the trend start to slow, and these indicators show possible buy signals, I have a feeling we could see prices of $USCU go on a run to test previous resistance at or near $.36. Should these signals correspond with a cross above the 50MA, for me that will signal a strong buy.
I plan to keep alerts set for any announcements coming from $USCU as it seems to me the charts are showing near-perfect conditions for a trend reversal. Given the right catalyst, I feel things have the potential to move fast. If shares were to test previous highs, $USCU would yield a 370% gain from current prices.
$USCU is currently trading at $.075 and is valued at an MCAP of $8.41 million.