Arctic Star Posts Bullish 200-Day & Triple MA Cross Charts Arctic Star Exploration Corp forms bullish "Triple Moving Average Crossover" chart pattern
Sep 13, 2022
Trading Central has detected a "Triple Moving Average Crossover" chart pattern formed on Arctic Star Exploration Corp (ADD:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.09.
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.
Arctic Star Exploration Corp forms bullish "Price Crosses Moving Average" chart pattern
Sep 13, 2022
Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Arctic Star Exploration Corp (ADD:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.09.
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.