Will BARSELE MINERALS CORP Short Squeeze Soon? The Stock Just Gapped Up

 Will BARSELE MINERALS CORP Short Squeeze Soon? The Stock Just Gapped Up

The stock of BARSELE MINERALS CORP (CVE:BME) gapped up by $0.01 today and has $2.75 target or 189.00% above today’s $0.95 share price. The 7 months technical chart setup indicates low risk for the $92.96M company. The gap was reported on Nov, 18 by Barchart.com. If the $2.75 price target is reached, the company will be worth $175.69M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 16,900 shares traded hands. BARSELE MINERALS CORP (CVE:BME) has risen 6.00% since October 19, 2016 and is uptrending. It has outperformed by 1.57% the S&P500.

More recent BARSELE MINERALS CORP (CVE:BME) news were published by: Marketwatch.com which released: “Orex and Barsele Announce Completion of the Spin Out of Orex’s Interest in the …” on September 25, 2015. Also Juniorminingnetwork.com published the news titled: “Barsele Minerals JV Partner Increases 2016 Exploration Budget by $US2.5 …” on October 27, 2016. Investingnews.com‘s news article titled: “14 Junior Miners on Haywood Securities’ Watch List for Q4 2015” with publication date: October 20, 2015 was also an interesting one.

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