JZR Gold Inc. V.JZR

Alternate Symbol(s): JZRIF

Metals & Mining Gold

JZR Gold Inc. is a Canada-based junior mining resource company. The Company is engaged in the business of the exploration and development of mineral properties. The Company holds interests in the province of British Columbia, Canada, and the State of Amapa, Brazil. The Company’s flagship property is the Vila Nova Gold Project, which is in the development stage. The Vila Nova Gold Project hosts approximately nine million tons of gold tailings. Its Spider Property is located in the Province of British Columbia (B.C.). The Spider Property comprises certain crown granted mineral claims and several land lots in fee simple within the township of Camborne, B.C. Its Spider mine in B.C. are gold and silver exploration targets. The Company, along with its partner in Brazil, has completed the assembly of the 800 ton per day mill at the Vila Nova Gold Project in Amapa state, Brazil.

TSXV:JZR - Post by User

JZR Gold Inc.

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Post by yukon_goldon Apr 24, 2023 9:43pm

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Post# 35411565

JZR Gold Posts Bullish Momentum, 21 & 50 Day MA

JZR Gold Inc forms bullish "Momentum" chart pattern
Apr 24, 2023

Trading Central has detected a "Momentum" chart pattern formed on JZR Gold Inc (JZR:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.60.

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.

JZR Gold Inc forms bullish "Price Crosses Moving Average" chart pattern
Apr 24, 2023

Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on JZR Gold Inc (JZR:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.60.

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.