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

Primary Symbol: V.WHY

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

Add To Watchlist

TSXV:WHY - Post Discussion

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

View:

Post by yukon_gold on Oct 23, 2024 11:10pm

West High Yield Resources forms bullish "Gravestone" Chart

Oct 23, 2024

Trading Central has detected a "Gravestone (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 $0.20.

Tells Me: The bears have sustained control over the downtrend, but the period has shown a surge of bullish demand that suggests we are nearing a bottom.

During a downtrend, the bar opens at its low (or very close to its low), then rallies, but isn't able to sustain the move and closes back down near the open. The bulls have lost the battle but have shown some strength during this period. It's possible we are nearing a bottom.

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