Vanadiumcorp Resource Inc VRBFF

Vanadiumcorp Resource Posts Bullish Double MA Crossover

[yukon_gold]

Oct 17, 2023

Trading Central has detected a "Double Moving Average Crossover" chart pattern formed on Vanadiumcorp Resource Inc (VRB:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.08.

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 (MA) 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 double crossover method, a bullish event is generated when a faster moving average crosses above a slower moving average (21-bar MA crosses 50-bar, or 50-bar MA crosses 200-bar). In this state, the price is likely in an established uptrend. The opposite is true when the faster slips below the slower moving average, triggering a bearish event.

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

[TheDog2]

Woof! Woof! Then again I am sure Yukon_Gold forgot to add, "then again the price may drop from the closing price of 8 cents to 7.5 cents.  Yukon_Gold please tell the viewers whether you are being paid by VRB management to  post such ludicrous comments on a penny stock that frequently trades virtually zero shares. DO TOUR OWN DUE DILIGENCE ON THIS PUPPY.  WOOF WOOF!