GREY:CUDBF - Post by User
Post by
yukon_goldon May 03, 2015 8:42pm
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Post# 23689993
POP.V May 1 2015 Bullish Triple Moving Average Crossover
POP.V May 1 2015 Bullish Triple Moving Average CrossoverLook at the chart, a clear sign this is ready to move off the bottom:
Petro One Energy Corp
Event Details for: Bullish Triple Moving Average Crossover
Tells Me: The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average periods. 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. In the triple crossover method, a bullish signal is generated when a faster moving average (4 bar) crosses above an intermediate moving average (9 bar), which in turn crosses above a slower moving average (18 bar). In this state, the price is likely in an established uptrend. The opposite is true when the 4 bar crosses below the 9 bar which in turn crosses below the 18 bar, triggering a bearish event. |
| Event Date: | May 01, 2015 | | Opportunity Type: | Short-Term Bullish | | Close Price: | $0.10 | | | Price Period: | Daily | | Volume: | 115,500 | | 4-day moving average crossed above the 9-day which subsequently crossed above the 18-day. | |