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.

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Strikepoint Gold Inc > Strikepoint Gold Inc forms bullish "Momentum" chart pattern

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Post by yukon_goldon Mar 24, 2022 10:54pm

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Post# 34544017

Strikepoint Gold Inc forms bullish "Momentum" chart pattern

Mar 24, 2022

Trading Central has detected a "Momentum" chart pattern formed on Strikepoint Gold Inc (SKP:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.08.

Tells Me: For bullish events, upward momentum has just built up with the latest price now trading higher than the price 10 bars ago. The opposite is true for bearish events where we're seeing downward momentum now that the price is trading lower than 10 bars ago.

Momentum measures the velocity of price changes. For a 10-bar momentum, we take the difference between the last bar's close and the close 10 bars ago and we plot this as a line fluctuating above and below 0 which can be used as buy and sell signals when in agreement with prevailing trend analysis. Momentum is significant because it signals the strength of price trends. A healthy price trend tends to exhibit strong momentum, while weakening trends often have decreasing momentum indicating a trend reversal or correction.

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