Bullboard - Stock Discussion Forum Viscount Mining Corp V.VML

Alternate Symbol(s): VLMGF

Metals & Mining Industrial Metals & Minerals

Viscount Mining Corp. is a Canada-based project generator and an exploration company. The Company has a portfolio of silver and gold properties in the Western United States, including Silver Cliff in Colorado and Cherry Creek in Nevada. The Silver Cliff property in Colorado lies within the historic Hardscrabble Silver District in the Wet Mountain Range, Custer County, south-central Colorado. It... see more

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Viscount Mining Corp > Viscount Mining Posts Bullish 200-Day MA Crossover

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Post by yukon_gold on Aug 27, 2021 11:03pm

Viscount Mining Posts Bullish 200-Day MA Crossover

Aug 27, 2021

Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Viscount Mining Corp (VML:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.42.

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.