Technical Analysis for WAF - West African Resources Ltd
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| A | 1.415 | 4.43% | 0.060 |
Earnings due: May 10
*** please verify all earnings dates ***| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 180 Bullish Setup | Bullish Swing Setup | 0.00% | |
| Stochastic Reached Overbought | Strength | 0.00% | |
| Above Upper BB | Strength | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Upper Bollinger Band Touch | Strength | 0.00% | |
| Inside Day | Range Contraction | 4.43% | |
| 20 DMA Support | Bullish | 1.80% | |
| Upper Bollinger Band Touch | Strength | 1.80% | |
| Crossed Above 20 DMA | Bullish | 5.60% |
| Alert | Time |
|---|---|
| Up 1 ATR | about 19 hours ago |
| Upper Bollinger Band Resistance | about 20 hours ago |
| Rose Above Upper Bollinger Band | about 21 hours ago |
| Up 3% | about 21 hours ago |
| Rose Above Previous Day's High | about 24 hours ago |
Free Daily (Stock) Chart Reading
West African Resources Ltd Description
West African Resources Limited is a gold exploration company. The Company's principal activity is mineral exploration and feasibility study work focusing primarily on the Boulsa Gold project within Burkina Faso and Niger. The Company has approximately 100% interest in the Tanlouka gold exploration permit in Burkina Faso. The Company is targeting gold production at its Mankarga 5 project in Burkina Faso. The project includes M1 South Prospect and M1 North Prospect. The Company also has over 100% interest in the Sartenga Permit. The Sartenga copper-gold-molybdenum project is a porphyry system. The inferred mineral resources contain approximately 174,000 tons of copper and over 651,000 ounces of gold. The Moktedu prospect is located in the southwestern part of the Boulsa Project. The prospect covers approximately 10 kilometers of strike and it is confined within a northeast trending regional shear. The Company's subsidiaries include Wura Resources Pty Ltd SARL and Swan Resources SARL.
Classification
Sector: Basic Materials
Industry: Gold
Keywords: Exploration Gold Copper Mineral Exploration Porphyry Molybdenum Trending Shear Wu
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 1.43 |
| 52 Week Low | 0.657 |
| Average Volume | 4,074,443 |
| 200-Day Moving Average | 0.930 |
| 50-Day Moving Average | 1.171 |
| 20-Day Moving Average | 1.338 |
| 10-Day Moving Average | 1.335 |
| Average True Range | 0.051 |
| RSI (14) | 64.66 |
| ADX | 32.2 |
| +DI | 35.983 |
| -DI | 17.767 |
| Chandelier Exit (Long, 3 ATRs) | 1.277 |
| Chandelier Exit (Short, 3 ATRs) | 1.415 |
| Upper Bollinger Bands | 1.414 |
| Lower Bollinger Band | 1.262 |
| Percent B (%b) | 1.01 |
| BandWidth | 11.345 |
| MACD Line | 0.049 |
| MACD Signal Line | 0.053 |
| MACD Histogram | -0.0038 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 1.471 | ||||
| Resistance 3 (R3) | 1.465 | 1.440 | 1.462 | ||
| Resistance 2 (R2) | 1.440 | 1.426 | 1.443 | 1.459 | |
| Resistance 1 (R1) | 1.428 | 1.417 | 1.434 | 1.434 | 1.456 |
| Pivot Point | 1.403 | 1.403 | 1.406 | 1.406 | 1.403 |
| Support 1 (S1) | 1.390 | 1.388 | 1.396 | 1.396 | 1.374 |
| Support 2 (S2) | 1.365 | 1.379 | 1.368 | 1.371 | |
| Support 3 (S3) | 1.353 | 1.365 | 1.368 | ||
| Support 4 (S4) | 1.359 |
