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Zacapa Resources Ltd ZACAF

Zacapa Resources Ltd. is a Canada-based mineral exploration company. The Company holds a portfolio of porphyry copper and epithermal gold projects in the states of Nevada, Arizona and Idaho, United States. The Company’s Red Top project is located in the Superior Mining District, approximately eight kilometers (km) northwest of the Resolution development project. Its Pearl project is located immediately northwest of the past-producing San Manuel porphyry copper mine (BHP) and consists of 241 lode mining claims. Its Tomichi project is located near the southwestern end of the Sawatch Range in the Tomichi Mining District of Gunnison County, Colorado. It consists of 114 unpatented lode mining claims with a total area of approximately 9.5 square kilometers. Its Bullfrog South Project is located in the Walker Lane trend of western Nevada in an increasingly active Bullfrog gold district near Beatty. Its Miller Mountain project is located in west-central Idaho.


OTCQB:ZACAF - Post by User

Post by yukon_goldon Nov 28, 2022 9:28pm
175 Views
Post# 35135504

Zacapa Resources Posts Bullish RSI & Fast Stochastic

Zacapa Resources Posts Bullish RSI & Fast Stochastic

Zacapa Resources Ltd forms bullish "Relative Strength Index" chart pattern
Nov 28, 2022

Trading Central has detected a "Relative Strength Index (RSI)" chart pattern formed on Zacapa Resources Ltd (ZACA:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.09.

Tells Me: For bullish events, we may be seeing higher prices as the price seems to be recovering from oversold as losses on down periods (over the last 14 bars) are no longer overwhelming gains on up periods to the same extent. The opposite is true for bearish events, which signal lower prices ahead as the price seems to be recovering from overbought because up days are no longer overwhelming down days to quite the same extent.

RSI measures the strength of an issue compared to its recent history of price change by comparing "up" periods to "down" periods. It's based on the premise that overbought conditions tend to occur after the market has advanced for a disproportionate number of periods. The RSI fluctuates between 0 and 100 with 70 and 30 often used to indicate overbought and oversold levels, and 50 the dividing line indicating the direction of the trend. The RSI should not be confused with relative strength which compares a financial instrument to a market index.

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

Price Chart - Zacapa Resources Ltd
 


Zacapa Resources Ltd forms bullish "Fast Stochastic" chart pattern
Nov 28, 2022

Trading Central has detected a "Fast Stochastic" chart pattern formed on Zacapa Resources Ltd (ZACA:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.09.

Tells Me: When the event is bullish, we may be facing higher prices as the price has risen out of oversold (%K crossed below 20 then rose again) and starting to trade higher up in the recent 14-bar high-to-low range (%K crossed above %D). The opposite is true for bearish events, where the price has fallen out of overbought and starting to trade lower in the recent high-to-low range.

Stochastics is built on the premise that as prices increase, "close" prices tend to be closer to the upper end of the recent price range, and vice versa. The raw %K number looks at the most recent "close" price as a percentage of the high-to-low price range over a specified period of time (14 bars) so when %K is high, it's likely we're seeing upward pressure, and vice versa. %D is a 3-bar moving average of %K and is used as a signal line, indicating whether prices are starting to trade lower or higher within the recent high-to-low range. Both lines fluctuate between 0 and 100 with 20 and 80 often used to identify oversold and overbought conditions.

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

Price Chart - Zacapa Resources Ltd
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