Arizona Silver Exploration Inc forms trend-ending "Gap Up" chart pattern
Nov 25, 2022
Trading Central has detected a "Gap Up" chart pattern formed on Arizona Silver Exploration Inc (AZS: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.
Arizona Silver Exploration Inc forms bullish "Commodity Channel Index" chart pattern
Nov 25, 2022
Trading Central has detected a "Commodity Channel Index" chart pattern formed on Arizona Silver Exploration Inc (AZS:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.28.
Tells Me: The price is relatively far from its 20-bar average price.
The Commodity Channel Index (CCI) measures the deviation of the price from its average value (comparing to a chosen moving average, typically 20 bars). The oscillator is normalized by dividing by the typical deviation, so we get an oscillator fluctuating roughly between +100 and -100. Many traders use these as overbought(+100)/oversold(-100) markers and watch for signs of reversal, but original use was to consider long positions when CCI is above +100 (bullish event), and short when below -100 (bearish event). When the price crosses back in between +100 and -100, another event is triggered to indicate an end to the prior bullish or bearish situation and a possible opportunity to close out such a position.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
Arizona Silver Exploration Inc forms bullish "Commodity Channel Index" chart pattern
Nov 25, 2022
Trading Central has detected a "Commodity Channel Index" chart pattern formed on Arizona Silver Exploration Inc (AZS:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.28.
Tells Me: The price is relatively far from its 20-bar average price.
The Commodity Channel Index (CCI) measures the deviation of the price from its average value (comparing to a chosen moving average, typically 20 bars). The oscillator is normalized by dividing by the typical deviation, so we get an oscillator fluctuating roughly between +100 and -100. Many traders use these as overbought(+100)/oversold(-100) markers and watch for signs of reversal, but original use was to consider long positions when CCI is above +100 (bullish event), and short when below -100 (bearish event). When the price crosses back in between +100 and -100, another event is triggered to indicate an end to the prior bullish or bearish situation and a possible opportunity to close out such a position.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.