Copper Lake Posts Bullish Gravestone & CCI Copper Lake Resources Ltd forms bullish "Short-term KST" chart pattern
May 12, 2023
Trading Central has detected a "Short-term KST" chart pattern formed on Copper Lake Resources Ltd (CPL:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.05.
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.
Copper Lake Resources Ltd forms bullish "Gravestone" chart pattern
May 12, 2023
Trading Central has detected a "Gravestone (Bullish)" chart pattern formed on Copper Lake Resources Ltd (CPL:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.05.
Tells Me: The bears have sustained control over the downtrend, but the period has shown a surge of bullish demand that suggests we are nearing a bottom.
During a downtrend, the bar opens at its low (or very close to its low), then rallies, but isn't able to sustain the move and closes back down near the open. The bulls have lost the battle but have shown some strength during this period. It's possible we are nearing a bottom.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.