Juggernaut Exploration Ltd V.JUGR

Juggernaut Exploration Posts Bullish Triple MA Crossover

[yukon_gold]

Apr 05, 2022

Trading Central has detected a "Triple Moving Average Crossover" chart pattern formed on Juggernaut Exploration Ltd (JUGR:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.18.

Tells Me: The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average periods.

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. In the triple crossover method, a bullish signal is generated when a faster moving average (4 bar) crosses above an intermediate moving average (9 bar), which in turn crosses above a slower moving average (18 bar). In this state, the price is likely in an established uptrend. The opposite is true when the 4 bar crosses below the 9 bar which in turn crosses below the 18 bar, triggering a bearish event.

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

[Guerreiro8]

yukon_gold you are correct good analysis, keep it up. The fundamentals are making sense, the stock has legs and it should have a run in time. I am just sucking up the cheap paper for now. N B: Golden Triangle is going to be an exciting area starting now. What stocks are you keeping an eye on up there???______________________

[GoldmemberBC]

GOT, AMK and TUD in the golden triangle. Fingers crossed.

[Guerreiro8]

Low volume and nice close @ .195, this baby is slowly creaping up to the .20's.