Dolly Varden Silver's Bullish Engulfing Line, 21 & 200 Day Dolly Varden Silver Corp forms bullish "Engulfing Line" chart pattern
Jun 10, 2022
Trading Central has detected an "Engulfing Line (Bullish)" chart pattern formed on Dolly Varden Silver Corp (DV:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.68.
Tells Me: The recent downtrend is due to reverse, now that buying pressure has overwhelmed prior selling pressure.
Following a clear downtrend, we see two candlesticks where the white real body of the second completely envelops the black real body of the first, showing that the bulls have taken over from the bears.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
Dolly Varden Silver Corp forms bullish "Price Crosses Moving Average" chart pattern
Jun 10, 2022
Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Dolly Varden Silver Corp (DV:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.68.
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.
Dolly Varden Silver Corp forms bullish "Price Crosses Moving Average" chart pattern
Jun 10, 2022
Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Dolly Varden Silver Corp (DV:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.68.
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.