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Bullboard - Stock Discussion Forum Universal Ibogaine Inc V.IBO

Alternate Symbol(s):  IBOGF

Universal Ibogaine Inc. is a Canada-based life sciences company. The Company is transforming addiction treatment using medicalized ibogaine through a planned Canadian clinical trial focused on opioid use disorders. The Company is engaged in developing a holistic addiction treatment protocol at its Kelburn Recovery Center (located near Winnipeg, Manitoba), which paired with the planned ibogaine... see more

TSXV:IBO - Post Discussion

Universal Ibogaine Inc > Universal Ibogaine Inc forms bullish "MACD" chart pattern
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Post by yukon_gold on Oct 19, 2022 10:26pm

Universal Ibogaine Inc forms bullish "MACD" chart pattern

Oct 19, 2022

Trading Central has detected a "MACD" chart pattern formed on Universal Ibogaine Inc (IBO:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.03.

The MACD (Moving Average Convergence Divergence) plots the difference between a shorter-term (12-bar) and a longer-term (26-bar) exponential moving average (EMA). Bullish and bearish events are generated respectively as the MACD fluctuates above and below zero to indicate whether prices in the shorter term are stronger or weaker than the longer term average.

A 9-period EMA of the MACD is overlayed as a "signal line" which smooths out the MACD to provide a clearer view of whether it's moving upward or downward. A bullish event is generated when the MACD crosses above the signal line, showing that the current MACD is actually higher than its average, a sign of increasing strength for the price. The opposite is true for bearish events which signal decreasing strength in price as the MACD crosses below the signal line showing that it's now below average.

This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.

Price Chart - Universal Ibogaine Inc
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