Bullboard - Stock Discussion Forum Gold79 Mines Ltd V.AUU

Alternate Symbol(s): AUSVF

Metals & Mining Industrial Metals & Minerals

Gold79 Mines Ltd. is a Canada-based exploration stage junior mining company. The Company is focused on building ounces in the Southwest United States (U.S.). It is engaged in the identification, acquisition, evaluation and exploration of mineral properties in North America. The Company’s gold projects include the Jefferson Canyon Gold project and the Tip Top Gold project, both located in Nevada... see more

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Gold79 Mines Ltd > Gold79 Mines Ltd forms bullish 21-Day MA Cross

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Post by yukon_gold on Mar 04, 2022 9:04pm

Gold79 Mines Ltd forms bullish 21-Day MA Cross

Mar 04, 2022

Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Gold79 Mines Ltd (AUU:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.06.

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.