Juggernaut Exploration Ltd forms bullish "Continuation Wedge" chart pattern
Nov 24, 2023
Trading Central has detected a "Continuation Wedge (Bullish)" chart pattern formed on Juggernaut Exploration Ltd (JUGR:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.15 to the range of $0.27 - $0.31. The pattern formed over 15 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: After a temporary interruption, the prior uptrend is set to continue.
A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
Juggernaut Exploration Ltd forms bullish "Price Crosses Moving Average" chart pattern
Nov 24, 2023
Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Juggernaut Exploration Ltd (JUGR:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.15.
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.
Juggernaut Exploration Ltd forms bullish "Price Crosses Moving Average" chart pattern
Nov 24, 2023
Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Juggernaut Exploration Ltd (JUGR:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.15.
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.
Juggernaut Exploration Ltd forms bullish "Momentum" chart pattern
Nov 24, 2023
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 $0.15.
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.