Vanadiumcorp Resource Posts Bullish Gap Up & Triple MA Cross Vanadiumcorp Resource Inc forms bullish "Triple Moving Average Crossover" chart pattern
Jul 06, 2023
Trading Central has detected a "Triple Moving Average Crossover" chart pattern formed on Vanadiumcorp Resource Inc (VRB:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.11.
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.
Vanadiumcorp Resource Inc forms trend-ending "Gap Up" chart pattern
Jul 06, 2023
Trading Central has detected a "Gap Up" chart pattern formed on Vanadiumcorp Resource Inc (VRB:TSXV). This trend-ending signal indicates that the stock price trend may end.
Gaps usually represent important areas of support or resistance. A Gap Up will indicate different situations based on the context in which it was formed. A Gap Up in an uptrend may indicate a previous level of resistance has been broken and now forms a support level. A Gap Up in a downtrend may indicate an end to, or a reversal of, the prior downtrend. Gaps provide an indication of a financial instrument's SHORT-TERM outlook.
This trend-ending pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.