Juggernaut Exploration Ltd V.JUGR

Juggernaut Exploration Ltd forms bullish "Momentum" chart

[yukon_gold]

Apr 20, 2022

Trading Central has detected a "Momentum" chart pattern formed on Juggernaut Exploration Ltd (JUGR:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.17.

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.

[Guerreiro8]

Agree; some potentiality here, very little daily volumes and insiders are buying the stock in the public market. They must know something or have great positive expectations. We could have an exciting May as Golden Triangle gets going as the snow is melting.