Bullboard - Stock Discussion Forum Zacapa Resources Ltd ZACAF

Zacapa Resources Ltd. is a Canada-based mineral exploration company. The Company holds a portfolio of porphyry copper and epithermal gold projects in the states of Nevada, Arizona and Idaho, United States. The Company’s Red Top project is located in the Superior Mining District, approximately eight kilometers (km) northwest of the Resolution development project. Its Pearl project is located... see more

Add To Watchlist

OTCQB:ZACAF - Post Discussion

Zacapa Resources Ltd > Zacapa Resources Ltd forms bullish Inside Bar chart pattern

View:

Post by yukon_gold on Oct 02, 2022 10:21am

Zacapa Resources Ltd forms bullish Inside Bar chart pattern

Sep 30, 2022

Trading Central has detected an "Inside Bar (Bullish)" chart pattern formed on Zacapa Resources Ltd (ZACA:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.15.

Tells Me: The balance between buyers and sellers, recently dominated by the bears, is evening out. We may see higher prices ahead.

An Inside Bar develops during a strong downtrend, when the trading range is completely within the boundaries of the prior bar. This suggests the balance between buyers and sellers is becoming more evenly balanced i.e. a weakening in power for the bears and increasing in power for the bulls.

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