MEK.V April 12 2013 Bullish Technial Updates Metals Creek Resources Corp
(MEK:TSXV)
Event Details for: Bullish 50-Day Moving Average Price Cross
| 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. |
| Event Date: | Apr 12, 2013 | | Opportunity Type: | Intermediate-Term Bullish | | Close Price: | $0.06 | | | Price Period: | Daily | | Volume: | 1,237,100 | | Price crossed above the 50-day moving average. | |
Metals Creek Resources Corp
(MEK:TSXV)
Event Details for: Bullish 21-Week Moving Average Price Cross
| 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. |
| Event Date: | Apr 12, 2013 | | Opportunity Type: | Intermediate-Term Bullish | | Close Price: | $0.06 | | | Price Period: | Weekly | | Volume: | 5,151,250 | | Price crossed above the 21-week moving average. | |
Metals Creek Resources Corp
(MEK:TSXV)
Event Details for: Bullish MACD
| The MACD (Moving Average Convergence Divergence) plots the difference between a shorter-term (12-bar) and a longer-term (26-bar) exponential moving average (EMA). Bullish and bearish events are generated respectively as the MACD fluctuates above and below zero to indicate whether prices in the shorter term are stronger or weaker than the longer term average. A 9-period EMA of the MACD is overlayed as a "signal line" which smooths out the MACD to provide a clearer view of whether it's moving upward or downward. A bullish event is generated when the MACD crosses above the signal line, showing that the current MACD is actually higher than its average, a sign of increasing strength for the price. The opposite is true for bearish events which signal decreasing strength in price as the MACD crosses below the signal line showing that it's now below average. |
| Event Date: | Apr 12, 2013 | | Opportunity Type: | Intermediate-Term Bullish | | Close Price: | $0.06 | | | Price Period: | Weekly | | Volume: | 5,151,250 | | | |
