Bullboard - Stock Discussion Forum Tarku Resources Ltd TRKUF

Primary Symbol: V.TKU

Tarku Resources Ltd is a Canada-based mining exploration company focused on advancing the development of new discoveries in mining jurisdictions, such as Quebec and Arizona. In Arizona, the Company owns 100% of the 29 square kilometers (km2) Silver Strike project. Silver Strike project is situated within the Tombstone District. In Quebec, the Company owns 100% of the Three A's exploration... see more

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Tarku Resources Ltd > Tarku Resources forms bullish 21-day MA cross

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Post by yukon_gold on Nov 19, 2021 11:04pm

Tarku Resources forms bullish 21-day MA cross

Nov 19, 2021

Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Tarku Resources Ltd (TKU:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.08.

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.