Bullboard - Stock Discussion Forum iMetal Resources Inc V.IMR

Alternate Symbol(s): IMRFF

Metals & Mining Industrial Metals & Minerals

iMetal Resources, Inc. is a Canadian junior exploration company focused on the exploration and development of its portfolio of resource properties in Ontario and Quebec. The Company’s projects include Gowganda, Ghost Mountain and Carheil. The Company’s flagship property, Gowganda West, is an exploration-stage gold project and is located within the Shining Tree Camp area in the southern part of... see more

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iMetal Resources Inc > iMetal Resources Posts Bullish 21-Day MA Price Cross

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Post by yukon_gold on Jan 04, 2022 8:22pm

iMetal Resources Posts Bullish 21-Day MA Price Cross

Jan 04, 2022

Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on iMetal Resources Inc (IMR:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.04.

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.