ScotianBot

Descending Channel for GBR?

TSXV:GBR   GREAT BEAR RESOURCES LTD
GBR has seen a parabolic 3000% gain & more since 2018, very odd considering Gold is only up approximately 70% in a similar time frame. I guess gold miners & gold don't necessarily correlate 100%.

GBR appears to be trading in a descending channel , and on the RSI there's a noticeable double top / Head & Shoulders , where I have placed the blue human icon represents the head of the H&S . The red arrow on the RSI is possibly a double top .

On a long term chart it appears as though the RSI has topped multiple times but the price has continued to rise, thus creating a bearish divergence.

Comment: Bearish Divergence on long term chart.

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