Viscount share price targets .64 with 3 bullish stock events Viscount Mining Corp forms bullish "Continuation Diamond" chart pattern
Feb 01, 2021
Trading Central has detected a "Continuation Diamond (Bullish)" chart pattern formed on Viscount Mining Corp (VML:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.47 to the range of $0.60 - $0.64. The pattern formed over 87 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. The pattern begins during a downtrend as prices create higher highs and lower lows in a broadening pattern. Then the trading range gradually narrows after the highs peak and the lows start trending upward. When the price breaks upward out of the diamonds boundary lines, it marks the resumption of the prior uptrend.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
Viscount Mining Corp forms bullish "Commodity Channel Index" chart pattern
Feb 01, 2021
Trading Central has detected a "Commodity Channel Index" chart pattern formed on Viscount Mining Corp (VML:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.47.
Tells Me: The price is relatively far from its 20-bar average price. The Commodity Channel Index (CCI) measures the deviation of the price from its average value (comparing to a chosen moving average, typically 20 bars). The oscillator is normalized by dividing by the typical deviation, so we get an oscillator fluctuating roughly between +100 and -100. Many traders use these as overbought(+100)/oversold(-100) markers and watch for signs of reversal, but original use was to consider long positions when CCI is above +100 (bullish event), and short when below -100 (bearish event). When the price crosses back in between +100 and -100, another event is triggered to indicate an end to the prior bullish or bearish situation and a possible opportunity to close out such a position.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
Viscount Mining Corp forms bullish "Short-term KST" chart pattern
Feb 01, 2021
Trading Central has detected a "Short-term KST" chart pattern formed on Viscount Mining Corp (VML:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.47.
The KST, "Know Sure Thing", is an oscillator that combines multiple time frames into a single measure of momentum for a financial instrument. It can be interpreted in the same way as other smoothed oscillators but most commonly indicates bullish and bearish momentum signals as it crosses above and below its moving average respectively.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.