Metals Creek (MEK.V) April 22 2013 Bullish Technic Metals Creek Resources Corp
(MEK:TSXV)
Event Details for: Gap Up
| 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. |
| Event Date: | Apr 22, 2013 | | Opportunity Type: | Short-Term Bullish | | Close Price: |
.05 | | | Price Period: | Daily | | Volume: | 70,000 | | Inbound Trend Duration: | 5 days | |
Metals Creek Resources Corp
(MEK:TSXV)
Event Details for: Price Crosses Moving Average
| 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 22, 2013 | | Opportunity Type: | Intermediate-Term Bullish | | Close Price: |
.05 | | | Price Period: | Daily | | Volume: | 70,000 | | Price crossed above the 50-day moving average. | |
Metals Creek Resources Corp
(MEK:TSXV)
Event Details for: Williams %R
| Tells Me: For bullish events, we seem to be in a new uptrend now that the price has recovered from oversold (dropped below -80 then rose above). The opposite is true for bearish events where we seem to be in a new downtrend now that the price has recovered from overbought. Meanwhile there is clear evidence that the trend has reversed (continued through the -50 level). Williams %R 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 oscillator 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 %R is high, it's likely we're seeing upward pressure, and vice versa. The line fluctuates between 0 and -100 with -20 and -80 often used to identify overbought and oversold conditions. |
| Event Date: | Apr 22, 2013 | | Opportunity Type: | Short-Term Bullish | | Close Price: |
.05 | | | Price Period: | Daily | | Volume: | 70,000 | |
