Metals Creek May 6 2013 Bullish Technical Updates Metals Creek Resources Corp
(MEK:TSXV)
Event Details for: Bullish 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: | May 06, 2013 | | Opportunity Type: | Short-Term Bullish | | Close Price: |
.045 | | | Price Period: | Daily | | Volume: | 118,300 | | Inbound Trend Duration: | 5 days | |
Metals Creek Resources Corp
(MEK:TSXV)
Event Details for: Bullish 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: | May 06, 2013 | | Opportunity Type: | Intermediate-Term Bullish | | Close Price: |
.045 | | | Price Period: | Daily | | Volume: | 118,300 | | Price crossed above the 50-day moving average. | |
