Hanstone Posts Bullish Short-Term KST & Slow Stochastic Nov 22, 2021
Trading Central has detected a "Short-term KST" chart pattern formed on Hanstone Gold Corp (HANS:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.20.
The KST, "Know Sure Thing", is an oscillator that combines multiple time frames into a single measure of momentum for a financial instrument. It can be interpreted in the same way as other smoothed oscillators but most commonly indicates bullish and bearish momentum signals as it crosses above and below its moving average respectively.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
Hanstone Gold Corp forms bullish "Slow Stochastic" chart pattern
Nov 22, 2021
Trading Central has detected a "Slow Stochastic" chart pattern formed on Hanstone Gold Corp (HANS:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.20.
Tells Me: When the event is bullish, we may be facing higher prices as the price has risen out of oversold (%K crossed below 20 then rose again) and starting to trade higher up in the recent 14-bar high-to-low range (%K crossed above %D). The opposite is true for bearish events, where the price has fallen out of overbought and starting to trade lower in the recent high-to-low range.
Stochastics is built on the premise that as prices increase, "close" prices tend to be closer to the upper end of the recent price range, and vice versa. The raw %K number looks at the most recent "close" price as a percentage of the high-to-low price range over a specified period of time (14 bars) but in Slow Stochastics %K is actually a 3-bar moving average of the raw %K to make it a bit less reactive to the latest price. When %K is high, it's likely we're seeing upward pressure, and vice versa. %D is a 3-bar moving average of %K and is used as a signal line, indicating whether prices are starting to trade lower or higher within the recent high-to-low range. Both lines fluctuate between 0 and 100 with 20 and 80 often used to identify oversold and overbought conditions.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.