Gold79 Gaps Up and Posts Bullish KST and 21-Day MA Cross Gold79 Mines Ltd forms trend-ending "Gap Up" chart pattern
Jun 23, 2021
Trading Central has detected a "Gap Up" chart pattern formed on Gold79 Mines Ltd (AUU:TSXV). This trend-ending signal indicates that the stock price trend may end.
Gaps usually represent important areas of support or resistance. A Gap Up will indicate different situations based on the context in which it was formed. A Gap Up in an uptrend may indicate a previous level of resistance has been broken and now forms a support level. A Gap Up in a downtrend may indicate an end to, or a reversal of, the prior downtrend. Gaps provide an indication of a financial instrument's SHORT-TERM outlook.
This trend-ending pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
Gold79 Mines Ltd forms bullish "Price Crosses Moving Average" chart pattern
Jun 23, 2021
Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Gold79 Mines Ltd (AUU:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.08.
Tells Me: The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average period (21, 50 or 200 bars). Moving averages 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. A bullish event is generated when the price crosses above the moving average, and in this state, the price is likely in an established uptrend. The opposite is true when the price crosses below the moving average, triggered a bearish event.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
Gold79 Mines Ltd forms bullish "Short-term KST" chart pattern
Jun 23, 2021
Trading Central has detected a "Short-term KST" chart pattern formed on Gold79 Mines Ltd (AUU:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.08.
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.