Storm Exploration Inc V.STRM

Alternate Symbol(s): CWVWF

Metals & Mining Industrial Metals & Minerals

Storm Exploration Inc. is a Canadian mineral exploration company. The Company is focused on the discovery and development of economic precious and base metal deposits on four district-scale projects in northwest Ontario: Miminiska, Keezhik, Attwood and Gold Standard. The 5,494 hectares (ha) Miminiska project is located approximately 350 kilometers (km) north of the city of Thunder Bay in north-western Ontario and within traditional territory of the Eabametoong First Nation. The Keezhik Project is located approximately 380 km north of the city of Thunder Bay and within the traditional territory of the Eabametoong First Nation. The project comprises over 570 mineral claim cells covering 12,482 ha. The Attwood Project is located in north-western Ontario approximately 320 km north of the city of Thunder Bay and within the traditional territory of the Eabametoong First Nation. The Gold Standard Project comprises over 284 mineral claims covering 6,016 ha.

TSXV:STRM - Post by User

Storm Exploration Inc

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Post by yukon_goldon Jan 02, 2024 10:45pm

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Post# 35808096

Storm Exploration Posts Bullish 21 Day MA & Momentum

Storm Exploration Inc forms bullish "Price Crosses Moving Average" chart pattern
Jan 02, 2024

Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Storm Exploration Inc (STRM:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.07.

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.

Storm Exploration Inc forms bullish "Momentum" chart pattern
Jan 02, 2024

Trading Central has detected a "Momentum" chart pattern formed on Storm Exploration Inc (STRM:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.07.

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.