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Stock Trend Analysis Report

Prepared for you on Monday, March 20, 2023.

WESTERN MAGNESIUM CORP (NASDAQ:MLYF)

Strong Downtrend (-100) - MLYF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MLYF continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid MLYF?

MarketClub looks at technical strength and momentum to determine if the timing is right for MLYF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_MLYF
Open High Low MLYF Price Change
0.07250 0.07495 0.07000 0.07250 -0.00450
Entry Signal

MarketClub’s Trade Triangles for MLYF

long term down The long-term trend has been DOWN since Jan 3rd, 2022 at 0.35

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2023 at 0.07

short term down The short-term trend has been DOWN since Mar 15th, 2023 at 0.07

Smart Scan Analysis for MLYF

Based on our trend formula, MLYF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for MLYF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07250 0.07495 0.07000 0.07250 -0.00450
Prev. Close Volume Bid Ask Time
0.07700 168800 2023-03-20 15:12:54
52wk High0.3935552wk High Date2022-03-29
52wk Low0.063452wk Low Date2023-02-03
Average Volume105,204Shares Outstanding111,243
Assets6,075,503MLiabilities8,945,621M
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