Innovative's 15min Chart Hits RSI Overbought, KDJ Death Cross: Potential Reversal Ahead

Thursday, Oct 2, 2025 10:18 am ET1min read

According to Innovative's 15-minute chart, the Relative Strength Index (RSI) has reached overbought levels, and the KDJ Death Cross signal was triggered on February 10, 2025, at 10:15. This indicates that the stock price has experienced a rapid increase and is outpacing fundamental support. Furthermore, the momentum of the stock price is shifting towards the downside, suggesting a potential for further decreases.

K9 Gold Corp. (OTCQB: WDFCF) has announced a non-brokered private placement to raise up to $2.5 million, according to a press release dated October 2, 2025. The company will issue 10 million units at $0.25 per unit, with each unit including one common share and one warrant exercisable at $0.35 for 24 months. The net proceeds from this financing will be used to advance exploration at the Trinity Silver Project in Nevada and the Stony Lake Gold Project in Newfoundland, as well as for general purposes K9 Gold Corp. Announces Financing, Marketing Agreement and Progress on Trinity Silver Project[1].

In addition to the financing, K9 Gold has made a $50,000 deposit toward the Trinity Silver Project, reflecting its commitment to this significant exploration asset. The company entered into an Exploration Agreement with Newmont USA Limited on September 16, 2025, regarding the Trinity Silver Project in Pershing County, Nevada. The Exchange has deemed this agreement a "Fundamental Acquisition," requiring an NI 43-101 technical report K9 Gold Corp. Announces Financing, Marketing Agreement and Progress on Trinity Silver Project[1].

Furthermore, K9 Gold has engaged Capitaliz for a six-month marketing and investor awareness campaign for $100,000. The services will include digital marketing, public relations, and investor relations, facilitated through various digital venues such as programmatic digital marketing, social media marketing, and email marketing K9 Gold Corp. Announces Financing, Marketing Agreement and Progress on Trinity Silver Project[1].

The company's stock, KNC, has been experiencing rapid increases, as indicated by the Relative Strength Index (RSI) reaching overbought levels and the KDJ Death Cross signal being triggered on February 10, 2025. This suggests a potential for further decreases in the stock price, given the current momentum shift towards the downside .

Comments



Add a public comment...
No comments

No comments yet