Hanstone Bullish Momentum, Short-term KST & Triple MA Cross Hanstone Gold Corp forms bullish "Triple Moving Average Crossover" chart pattern
Jul 11, 2022
Trading Central has detected a "Triple Moving Average Crossover" chart pattern formed on Hanstone Gold Corp (HANS:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.14.
Tells Me: The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average periods.
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. In the triple crossover method, a bullish signal is generated when a faster moving average (4 bar) crosses above an intermediate moving average (9 bar), which in turn crosses above a slower moving average (18 bar). In this state, the price is likely in an established uptrend. The opposite is true when the 4 bar crosses below the 9 bar which in turn crosses below the 18 bar, triggering a bearish event.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
Hanstone Gold Corp forms bullish "Short-term KST" chart pattern
Jul 11, 2022
Trading Central has detected a "Short-term KST" chart pattern formed on Hanstone Gold Corp (HANS:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.14.
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.
Hanstone Gold Corp forms bullish "Momentum" chart pattern
Jul 11, 2022
Trading Central has detected a "Momentum" chart pattern formed on Hanstone Gold Corp (HANS:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.14.
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.