Technical Analysis for WAF - West African Resources Ltd
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Up | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Wide Bands | Range Expansion | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Non-ADX 1,2,3,4 Bearish | Bearish Swing Setup | -1.00% | |
| Wide Bands | Range Expansion | -1.00% | |
| Gapped Up | Strength | -1.00% | |
| Oversold Stochastic | Weakness | -1.00% | |
| NR7 | Range Contraction | 1.37% | |
| Narrow Range Bar | Range Contraction | 1.37% | |
| Wide Bands | Range Expansion | 1.37% | |
| Gapped Up | Strength | 1.37% |
| Alert | Time |
|---|---|
| Non-ADX 1,2,3,4 Bearish Retracement Entry | about 10 hours ago |
| Fell Below Previous Day's Low | about 10 hours ago |
| Down 1% | about 12 hours ago |
| Possible Inside Day | about 12 hours ago |
| Up 1% | about 15 hours ago |
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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 | 1.87 |
| 52 Week Low | 0.795 |
| Average Volume | 5,391,117 |
| 200-Day Moving Average | 1.389 |
| 50-Day Moving Average | 1.627 |
| 20-Day Moving Average | 1.642 |
| 10-Day Moving Average | 1.497 |
| Average True Range | 0.077 |
| RSI (14) | 41.52 |
| ADX | 27.34 |
| +DI | 17.299 |
| -DI | 32.013 |
| Chandelier Exit (Long, 3 ATRs) | 1.640 |
| Chandelier Exit (Short, 3 ATRs) | 1.605 |
| Upper Bollinger Bands | 1.966 |
| Lower Bollinger Band | 1.318 |
| Percent B (%b) | 0.25 |
| BandWidth | 39.513 |
| MACD Line | -0.055 |
| MACD Signal Line | -0.029 |
| MACD Histogram | -0.0257 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 1.551 | ||||
| Resistance 3 (R3) | 1.553 | 1.533 | 1.539 | ||
| Resistance 2 (R2) | 1.533 | 1.515 | 1.531 | 1.535 | |
| Resistance 1 (R1) | 1.506 | 1.504 | 1.496 | 1.504 | 1.531 |
| Pivot Point | 1.486 | 1.486 | 1.481 | 1.484 | 1.486 |
| Support 1 (S1) | 1.459 | 1.468 | 1.449 | 1.457 | 1.429 |
| Support 2 (S2) | 1.439 | 1.457 | 1.437 | 1.425 | |
| Support 3 (S3) | 1.412 | 1.439 | 1.421 | ||
| Support 4 (S4) | 1.410 |
