Bullboard - Stock Discussion Forum West High Yield (W.H.Y) Resources Ltd V.WHY

Alternate Symbol(s): WHYRF

Metals & Mining Industrial Metals & Minerals

West High Yield (WHY) Resources Ltd is a Canada-based junior mining exploration and development company. The Company is focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions. The... see more

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TSXV:WHY - Post Discussion

West High Yield (W.H.Y) Resources Ltd > West High Yield Resources forms bullish "Outside Bar" Chart

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Post by yukon_gold on Mar 05, 2024 7:47pm

West High Yield Resources forms bullish "Outside Bar" Chart

West High Yield (W.H.Y.) Resources Ltd forms bullish "Outside Bar" chart pattern

Mar 05, 2024

Trading Central has detected an "Outside Bar (Bullish)" chart pattern formed on West High Yield (W.H.Y.) Resources Ltd (WHY:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.24.

Tells Me: Selling pressure showing signs of exhaustion; we may see higher prices at least in the short term.

An Outside Bar (Bullish) develops during a strong downtrend, when the trading range completely encompasses the range of the prior bar. This signals an exhaustion of the prior downtrend and potentially a reversal.

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