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Bullboard - Stock Discussion Forum Zacapa Resources Ltd ZACAF

Zacapa Resources Ltd. is a Canada-based mineral exploration company. The Company holds a portfolio of porphyry copper and epithermal gold projects in the states of Nevada, Arizona and Idaho, United States. The Company’s Red Top project is located in the Superior Mining District, approximately eight kilometers (km) northwest of the Resolution development project. Its Pearl project is located... see more

OTCQB:ZACAF - Post Discussion

Zacapa Resources Ltd > Zacapa Resources forms bullish 50-Day MA Price Cross Chart
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Post by yukon_gold on Sep 23, 2022 9:15pm

Zacapa Resources forms bullish 50-Day MA Price Cross Chart

Sep 23, 2022

Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Zacapa Resources Ltd (ZACA:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.25.

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.

Price Chart - Zacapa Resources Ltd
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