JZR Gold Inc. V.JZR

Alternate Symbol(s): JZRIF

Metals & Mining Gold

JZR Gold Inc. is a Canada-based junior mining resource company. The Company is engaged in the business of the exploration and development of mineral properties. The Company holds interests in the province of British Columbia, Canada, and the State of Amapa, Brazil. The Company’s flagship property is the Vila Nova Gold Project, which is in the development stage. The Vila Nova Gold Project hosts approximately nine million tons of gold tailings. Its Spider Property is located in the Province of British Columbia (B.C.). The Spider Property comprises certain crown granted mineral claims and several land lots in fee simple within the township of Camborne, B.C. Its Spider mine in B.C. are gold and silver exploration targets. The Company, along with its partner in Brazil, has completed the assembly of the 800 ton per day mill at the Vila Nova Gold Project in Amapa state, Brazil.

TSXV:JZR - Post by User

JZR Gold Inc.

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Post by yukon_goldon Aug 05, 2021 9:52am

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Post# 33654105

Jazz Resources posts Bullish Momentum & CCI

Jazz Resources Inc forms bullish "Commodity Channel Index" chart pattern
Aug 04, 2021

Trading Central has detected a "Commodity Channel Index" chart pattern formed on Jazz Resources Inc (JZR:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.59.

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.

Jazz Resources Inc forms bullish "Commodity Channel Index" chart pattern
Aug 04, 2021

Trading Central has detected a "Commodity Channel Index" chart pattern formed on Jazz Resources Inc (JZR:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.59.

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.