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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 Jan 13, 2023 10:47pm
265 Views
Post# 35222792

Zacapa Posts Bullish Intermediate-term KST & Williams %R

Zacapa Posts Bullish Intermediate-term KST & Williams %R
Zacapa Resources Ltd forms bullish "Williams %R" chart pattern

Jan 13, 2023

Trading Central has detected a "Williams %R" chart pattern formed on Zacapa Resources Ltd (ZACA:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.11.

Tells Me: For bullish events, we seem to be in a new uptrend now that the price has recovered from oversold (dropped below -80 then rose above). The opposite is true for bearish events where we seem to be in a new downtrend now that the price has recovered from overbought. Meanwhile there is clear evidence that the trend has reversed (continued through the -50 level).

Williams %R 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 oscillator 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 %R is high, it's likely we're seeing upward pressure, and vice versa. The line fluctuates between 0 and -100 with -20 and -80 often used to identify overbought and oversold 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

 

Zacapa Resources Ltd forms bullish "Intermediate-term KST" chart pattern
Jan 13, 2023

Trading Central has detected an "Intermediate-term KST" chart pattern formed on Zacapa Resources Ltd (ZACA:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.11.

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.

Price Chart - Zacapa Resources Ltd
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