Strikepoint Gold Inc V.SKP

Alternate Symbol(s): STKXF

Metals & Mining Gold

StrikePoint Gold Inc. is a Canada-based gold exploration company focused on building precious metals resources in Canada and the Western United States. The Company’s projects include Cuprite, Willoughby and Porter. The Cuprite Gold Project consists of approximately 574 unpatented claims covering approximately 44 square kilometers (km), located 15 kilometers (km) south of Goldfield Nevada, and 85-km northwest of Beatty. The project is located within the Walker Lane Gold Trend. The Company holds a 100% interest in the Willoughby property, located in north-western British Columbia. The project is subject to a 1.5% net smelter return (NSR) royalty. The Company holds a 100% interest in the Porter Idaho Property, located near Stewart, British Columbia. The property is subject to a 1% NSR. It also holds Hercules Gold Project, which consists of 1,323 unpatented mining claims and four patented mining claims covering approximately 100 square kilometers of prospective Walker Lane geology.

TSXV:SKP - Post by User

Strikepoint Gold Inc

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Post by yukon_goldon Aug 05, 2021 9:45am

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Post# 33654056

Strikepoint Gold Posts Bullish CCI & 50-Day MA Cross

Strikepoint Gold Inc forms bullish "Commodity Channel Index" chart pattern
Aug 04, 2021

Trading Central has detected a "Commodity Channel Index" chart pattern formed on Strikepoint Gold Inc (SKP:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.20.

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.

Strikepoint Gold Inc forms bullish "Price Crosses Moving Average" chart pattern
Aug 04, 2021

Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Strikepoint Gold Inc (SKP:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.20.

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.

This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.