Dolly Varden Silver Corp forms bullish "Momentum" chart pattern
Nov 19, 2021
Trading Central has detected a "Momentum" chart pattern formed on Dolly Varden Silver Corp (DV:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.61.
Tells Me: For bullish events, upward momentum has just built up with the latest price now trading higher than the price 10 bars ago. The opposite is true for bearish events where we're seeing downward momentum now that the price is trading lower than 10 bars ago.
Momentum measures the velocity of price changes. For a 10-bar momentum, we take the difference between the last bar's close and the close 10 bars ago and we plot this as a line fluctuating above and below 0 which can be used as buy and sell signals when in agreement with prevailing trend analysis. Momentum is significant because it signals the strength of price trends. A healthy price trend tends to exhibit strong momentum, while weakening trends often have decreasing momentum indicating a trend reversal or correction.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
Dolly Varden Silver Corp forms bullish "Intermediate-term KST" chart pattern
Nov 19, 2021
Trading Central has detected an "Intermediate-term KST" chart pattern formed on Dolly Varden Silver Corp (DV:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.61.
The KST, "Know Sure Thing", is an oscillator that combines multiple time frames into a single measure of momentum for a financial instrument. It can be interpreted in the same way as other smoothed oscillators but most commonly indicates bullish and bearish momentum signals as it crosses above and below its moving average respectively.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
Dolly Varden Silver Corp forms bullish "Commodity Channel Index" chart pattern
Nov 19, 2021
Trading Central has detected a "Commodity Channel Index" chart pattern formed on Dolly Varden Silver Corp (DV:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.61.
Tells Me: The price is relatively far from its 20-bar average price.
The Commodity Channel Index (CCI) measures the deviation of the price from its average value (comparing to a chosen moving average, typically 20 bars). The oscillator is normalized by dividing by the typical deviation, so we get an oscillator fluctuating roughly between +100 and -100. Many traders use these as overbought(+100)/oversold(-100) markers and watch for signs of reversal, but original use was to consider long positions when CCI is above +100 (bullish event), and short when below -100 (bearish event). When the price crosses back in between +100 and -100, another event is triggered to indicate an end to the prior bullish or bearish situation and a possible opportunity to close out such a position.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.