GREY:CUDBF - Post by User
Post by
yukon_goldon Feb 19, 2014 12:32am
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Post# 22223133
POP.V Feb 18 2014 3 Key Bullish Technical Events
POP.V Feb 18 2014 3 Key Bullish Technical EventsPetro One Energy Corp
(POP:TSXV) Event Details for: Bullish Relative Strength Index (RSI) | Tells Me: For bullish events, we may be seeing higher prices as the price seems to be recovering from oversold as losses on down periods (over the last 14 bars) are no longer overwhelming gains on up periods to the same extent. The opposite is true for bearish events, which signal lower prices ahead as the price seems to be recovering from overbought because up days are no longer overwhelming down days to quite the same extent. RSI measures the strength of an issue compared to its recent history of price change by comparing "up" periods to "down" periods. It's based on the premise that overbought conditions tend to occur after the market has advanced for a disproportionate number of periods. The RSI fluctuates between 0 and 100 with 70 and 30 often used to indicate overbought and oversold levels, and 50 the dividing line indicating the direction of the trend. The RSI should not be confused with relative strength which compares a financial instrument it to a market index. |
| Event Date: | Feb 18, 2014 | | Opportunity Type: | Short-Term Bullish | | Close Price: | $0.21 | | | Price Period: | Daily | | Volume: | 44,700 | | The RSI moved above 30. | |
Petro One Energy Corp
(POP:TSXV)
Event Details for: Bullish 200-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: | Feb 18, 2014 | | Opportunity Type: | Long-Term Bullish | | Close Price: | $0.21 | | | Price Period: | Daily | | Volume: | 44,700 | | Price crossed above the 200-day moving average. | |
Petro One Energy Corp
(POP:TSXV)
Event Details for: Bullish 21-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: | Feb 18, 2014 | | Opportunity Type: | Short-Term Bullish | | Close Price: | $0.21 | | | Price Period: | Daily | | Volume: | 44,700 | | Price crossed above the 21-day moving average. | |
