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Bullboard - Stock Discussion Forum Universal Ibogaine Inc V.IBO

Alternate Symbol(s):  IBOGF

Universal Ibogaine Inc. is a Canada-based life sciences company. The Company is focused on developing a network of addiction treatment clinics and undertake a planned clinical trial for research into the use of ibogaine for addiction treatment. Ibogaine is a naturally-occurring molecule derived from the root bark of the iboga tree and other plants. Ibogaine is a neuroactive compound that... see more

TSXV:IBO - Post Discussion

Universal Ibogaine Inc > Universal Ibogaine Posts 3 Bullish Stock Technical Events
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Post by yukon_gold on Dec 01, 2022 9:27pm

Universal Ibogaine Posts 3 Bullish Stock Technical Events

Universal Ibogaine Inc forms bullish "Price Crosses Moving Average" chart pattern
Dec 01, 2022

Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Universal Ibogaine Inc (IBO:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.04.

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.

Price Chart - Universal Ibogaine Inc

 

Universal Ibogaine Inc forms bullish "Price Crosses Moving Average" chart pattern
Dec 01, 2022

Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Universal Ibogaine Inc (IBO:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.04.

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.

Price Chart - Universal Ibogaine Inc
 


Universal Ibogaine Inc forms bullish "Momentum" chart pattern
Dec 01, 2022

Trading Central has detected a "Momentum" chart pattern formed on Universal Ibogaine Inc (IBO:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.04.

Tells Me: For bullish events, upward momentum has just built up with the latest price now trading higher than the price 10 bars ago. The opposite is true for bearish events where we're seeing downward momentum now that the price is trading lower than 10 bars ago.

Momentum measures the velocity of price changes. For a 10-bar momentum, we take the difference between the last bar's close and the close 10 bars ago and we plot this as a line fluctuating above and below 0 which can be used as buy and sell signals when in agreement with prevailing trend analysis. Momentum is significant because it signals the strength of price trends. A healthy price trend tends to exhibit strong momentum, while weakening trends often have decreasing momentum indicating a trend reversal or correction.

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

Price Chart - Universal Ibogaine Inc
Comment by yureja85 on Dec 02, 2022 1:23am
This post has been removed in accordance with Community Policy
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