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 Inc forms bullish "MACD" chart pattern

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Post by yukon_gold on Jun 21, 2022 8:09pm

Jazz Resources Inc forms bullish "MACD" chart pattern

Jun 21, 2022

Trading Central has detected a "MACD" chart pattern formed on Jazz Resources Inc (JZR:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.77.

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.

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