GREY:CUDBF - Post Discussion
Post by
yukon_gold on Dec 23, 2014 1:51pm
POP.V Dec 19 2014 Bullish Technical Events
Petro One Energy Corp
(POP:TSXV)
Event Details for: Bullish MACD | The MACD (Moving Average Convergence Divergence) plots the difference between a shorter-term (12-bar) and a longer-term (26-bar) exponential moving average (EMA). Bullish and bearish events are generated respectively as the MACD fluctuates above and below zero to indicate whether prices in the shorter term are stronger or weaker than the longer term average. A 9-period EMA of the MACD is overlayed as a "signal line" which smooths out the MACD to provide a clearer view of whether it's moving upward or downward. A bullish event is generated when the MACD crosses above the signal line, showing that the current MACD is actually higher than its average, a sign of increasing strength for the price. The opposite is true for bearish events which signal decreasing strength in price as the MACD crosses below the signal line showing that it's now below average. |
| Event Date: | Dec 19, 2014 | | Opportunity Type: | Short-Term Bullish | | Close Price: | $0.13 | | | Price Period: | Daily | | Volume: | 70,100 | | | |
Petro One Energy Corp
(POP:TSXV)
Event Details for: Bullish Relative Strength Index (RSI)
| Tells Me: For bullish events, we may be seeing higher prices as the price seems to be recovering from oversold as losses on down periods (over the last 14 bars) are no longer overwhelming gains on up periods to the same extent. The opposite is true for bearish events, which signal lower prices ahead as the price seems to be recovering from overbought because up days are no longer overwhelming down days to quite the same extent. RSI measures the strength of an issue compared to its recent history of price change by comparing "up" periods to "down" periods. It's based on the premise that overbought conditions tend to occur after the market has advanced for a disproportionate number of periods. The RSI fluctuates between 0 and 100 with 70 and 30 often used to indicate overbought and oversold levels, and 50 the dividing line indicating the direction of the trend. The RSI should not be confused with relative strength which compares a financial instrument it to a market index. |
| Event Date: | Dec 19, 2014 | | Opportunity Type: | Short-Term Bullish | | Close Price: | $0.13 | | | Price Period: | Daily | | Volume: | 70,100 | | The RSI moved above 30. | |
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