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Technical Analyst Sees Bullish Signal for Mining Junior

July 8, 2021 (Investorideas.com Newswire) Technical analyst Clive Maund explains why he has a Buy recommendation for Barsele Minerals.

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Barsele Minerals Corp. (BME:TSX.V; BRSLF:OTCQB) continues to shape up well and whilst our original entry point back in January was certainly nothing to boast about, our second entry point in May was a lot better so that we are now up on both our purchases, as can be seen on its latest 6-month chart below. What has happened through all of June following the spike in May is that the stock has consolidated in what now clearly looks like a classic bull Flag. The volume pattern whilst this Flag has developed is strongly bullish, with almost exclusively upside volume, which is why the Accumulation line broke to new highs a couple of days ago. Whilst this Flag formed the earlier overbought condition unwound and we saw a bullish cross of the moving averages, which are now very favorably aligned.

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The current setup suggests that the bull Flag is about complete and that another sharp upleg is to be expected soon. So we stay long and after Friday’s dip; Barsele is a buy again here. The bullish price/volume of recent weeks when there has been a dearth of news is another positive sign-perhaps there will be some news soon?…

Because volume in the U.S. traded stock is very light, Barsele should ideally be bought (and sold) on the Canadian market.

Barsele Minerals website.

Barsele Minerals Corp., BME.V, BRSLF on OTC, closed at C$0.70, $0.58 on 2th July 2021.

Posted on CliveMaund.com at 2.30 pm EDT on 4th July 2021.

Clive Maund has been president of www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years’ experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.

Disclosure:

1) Clive Maund: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None. CliveMaund.com disclosures below. I determined which companies would be included in this article based on my research and understanding of the sector.

2) The following companies mentioned in the article are sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Barsele Minerals. Please click here for more information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.

4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Barsele Minerals, a company mentioned in this article.

Charts provided by the author.

CliveMaund.com Disclosure:

The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund’s opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund’s opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.

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