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Marksmen Energy Inc V.MAH

Alternate Symbol(s):  MKSEF

Marksmen Energy Inc. is a Canada-based energy company. The Company is engaged in the acquisition, exploration, development and production of oil and gas properties, primarily located in Ohio, United States. The Company’s projects include Davis Holbrook, which is an oilfield property in Pickaway County, Ohio and the formation is the Cambrian Knox. The Company is the operator and holds a 75% working interest in the Holbrook Davis #2 and Davis #1 wells. The Company's wholly owned subsidiary is Marksmen Energy USA, Inc.


TSXV:MAH - Post by User

Post by yukon_goldon Oct 29, 2024 10:03pm
111 Views
Post# 36288005

Marksman Energy Posts Bullish MACD and 21 & 50 Day MA Charts

Marksman Energy Posts Bullish MACD and 21 & 50 Day MA Charts
Marksmen Energy Inc forms bullish "Price Crosses Moving Average" chart pattern

Oct 29, 2024

Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Marksmen Energy Inc (MAH:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.01.

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.

Price Chart - Marksmen Energy Inc
 


Marksmen Energy Inc forms bullish "Price Crosses Moving Average" chart pattern
Oct 29, 2024

Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Marksmen Energy Inc (MAH:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.01.

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.

Price Chart - Marksmen Energy Inc
 


Marksmen Energy Inc forms bullish "MACD" chart pattern
Oct 29, 2024

Trading Central has detected a "MACD" chart pattern formed on Marksmen Energy Inc (MAH:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.01.

The MACD (Moving Average Convergence Divergence) plots the difference between a shorter-term (12-bar) and a longer-term (26-bar) exponential moving average (EMA). Bullish and bearish events are generated respectively as the MACD fluctuates above and below zero to indicate whether prices in the shorter term are stronger or weaker than the longer term average.

A 9-period EMA of the MACD is overlayed as a "signal line" which smooths out the MACD to provide a clearer view of whether it's moving upward or downward. A bullish event is generated when the MACD crosses above the signal line, showing that the current MACD is actually higher than its average, a sign of increasing strength for the price. The opposite is true for bearish events which signal decreasing strength in price as the MACD crosses below the signal line showing that it's now below average.

This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.

Price Chart - Marksmen Energy Inc

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