SDCU Posts Bullish 21-Week and Double MA Crossover Charts Sonoran Desert Copper Corp forms bullish "Price Crosses Moving Average" chart pattern
Jun 21, 2024
Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Sonoran Desert Copper Corp (SDCU:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.10.
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.
Sonoran Desert Copper Corp forms bullish "Double Moving Average Crossover" chart pattern
Jun 21, 2024
Trading Central has detected a "Double Moving Average Crossover" chart pattern formed on Sonoran Desert Copper Corp (SDCU:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.10.
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 (MA) 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 double crossover method, a bullish event is generated when a faster moving average crosses above a slower moving average (21-bar MA crosses 50-bar, or 50-bar MA crosses 200-bar). In this state, the price is likely in an established uptrend. The opposite is true when the faster slips below the slower moving average, triggering a bearish event.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.