Bullboard - Stock Discussion Forum Hanstone Gold Corp V.HANS

Alternate Symbol(s): HANCF

Hanstone Gold Corp. is a Canada-based company, which operates as a precious and base metals explorer. The Company is focused on the Doc and Snip North Projects optimally located in the heart of the prolific mineralized area of British Columbia, the Golden Triangle. The Golden Triangle is an area which hosts various producing and past-producing mines and various deposits that are approaching... see more

Add To Watchlist

TSXV:HANS - Post Discussion

Hanstone Gold Corp > Hanstone Gold Corp Posts Bullish 21-Day MA Cross

View:

Post by yukon_gold on Mar 07, 2022 8:00pm

Hanstone Gold Corp Posts Bullish 21-Day MA Cross

Mar 07, 2022

Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Hanstone Gold Corp (HANS:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.17.

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.