Bullboard - Stock Discussion Forum iMetal Resources Inc IMRFF

Primary Symbol: V.IMR

Metals & Mining Industrial Metals & Minerals

iMetal Resources, Inc. is a Canadian junior exploration company focused on the exploration and development of its portfolio of resource properties in Ontario and Quebec. The Company’s projects include Gowganda, Ghost Mountain and Carheil. The Company’s flagship property, Gowganda West, is an exploration-stage gold project and is located within the Shining Tree Camp area in the southern part of... see more

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iMetal Resources Inc > iMetal Resources forms bullish Triple MA Crossover Chart

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Post by yukon_gold on Dec 30, 2021 10:21pm

iMetal Resources forms bullish Triple MA Crossover Chart

Dec 30, 2021

Trading Central has detected a "Triple Moving Average Crossover" chart pattern formed on iMetal Resources Inc (IMR:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.04.

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.