Strikepoint Gold Inc forms bullish "Momentum" chart pattern
Jul 02, 2021
Trading Central has detected a "Momentum" chart pattern formed on Strikepoint Gold Inc (SKP:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.20.
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.
Strikepoint Gold Inc forms bullish "Intermediate-term KST" chart pattern
Jul 02, 2021
Trading Central has detected an "Intermediate-term KST" chart pattern formed on Strikepoint Gold Inc (SKP:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.20.
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.