[BULLISH]: Mag Silver Corp has formed a White Opening Marubozu candlestick. This means, MAG has received strong buying confidence and upward price movement over the trading day with only a small upper shadow present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.
Toronto Stock Exchange Candlestick
[BULLISH STRONG]: Franco-Nevada opened in the lower part of daily range at 20.2% & closed in the upper part of the trading range at 71.3%. This suggests the buyers were in control all day. Over the last 12 months there has been 37 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 22.2%.