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Lucky Minerals Inc V.LKY

Alternate Symbol(s):  LKMNF

Lucky Minerals Inc. is a Canada-based exploration and development company. The Company owns a 100% interest in the Fortuna Property. The Fortuna Project is comprised of 12 contiguous, 550 square kilometers km2 (55,000 hectares or 136,000 acres) exploration concessions. Fortuna Property is located in a highly prospective gold belt in southern Ecuador. The Company’s mineral exploration and development operations are in the United States and Ecuador. Its subsidiary is Goldmindex S.A.


TSXV:LKY - Post by User

Post by yukon_goldon Dec 23, 2021 11:18am
221 Views
Post# 34258024

Lucky Minerals Bullish 200-Day MA Cross & Fast Stochastic

Lucky Minerals Bullish 200-Day MA Cross & Fast Stochastic

Lucky Minerals Inc forms bullish "Fast Stochastic" chart pattern
Dec 22, 2021

Trading Central has detected a "Fast Stochastic" chart pattern formed on Lucky Minerals Inc (LKY:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.09.

Tells Me: When the event is bullish, we may be facing higher prices as the price has risen out of oversold (%K crossed below 20 then rose again) and starting to trade higher up in the recent 14-bar high-to-low range (%K crossed above %D). The opposite is true for bearish events, where the price has fallen out of overbought and starting to trade lower in the recent high-to-low range.

Stochastics is built on the premise that as prices increase, "close" prices tend to be closer to the upper end of the recent price range, and vice versa. The raw %K number looks at the most recent "close" price as a percentage of the high-to-low price range over a specified period of time (14 bars) so when %K is high, it's likely we're seeing upward pressure, and vice versa. %D is a 3-bar moving average of %K and is used as a signal line, indicating whether prices are starting to trade lower or higher within the recent high-to-low range. Both lines fluctuate between 0 and 100 with 20 and 80 often used to identify oversold and overbought conditions.

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

Price Chart - Lucky Minerals Inc

 

Lucky Minerals Inc forms bullish "Price Crosses Moving Average" chart pattern
Dec 22, 2021

Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Lucky Minerals Inc (LKY:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.09.

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 - Lucky Minerals Inc

 

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