Bullboard - Stock Discussion Forum JZR Gold Inc. JZRIF

Primary Symbol: V.JZR

Metals & Mining Gold

JZR Gold Inc. is a Canada-based junior mining resource company. The Company is engaged in the business of the exploration and development of mineral properties. The Company holds interests in the province of British Columbia, Canada, and the State of Amapa, Brazil. Its Spider mine in British Columbia are gold and silver exploration targets. The Company’s flagship property is the Vila Nova Gold... see more

TSXV:JZR - Post Discussion

JZR Gold Inc. > Jazz Resources forms bullish Double Moving Average Crossover

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Post by yukon_gold on Mar 07, 2022 8:11pm

Jazz Resources forms bullish Double Moving Average Crossover

Mar 07, 2022

Trading Central has detected a "Double Moving Average Crossover" chart pattern formed on Jazz Resources Inc (JZR:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.76.

Tells Me: The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average periods.

Moving averages (MA) are used to smooth out the volatility or "noise" in the price series, to make it easier to discover the underlying trend. By plotting the average price over the last several bars, the line is less "jerky" than plotting the actual prices. In the double crossover method, a bullish event is generated when a faster moving average crosses above a slower moving average (21-bar MA crosses 50-bar, or 50-bar MA crosses 200-bar). In this state, the price is likely in an established uptrend. The opposite is true when the faster slips below the slower moving average, triggering a bearish event.

This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.