GoldStrike Resources – A New Ground Floor Yukon Gold Opportunity

GoldStrike Resources is building shareholder wealth through systematic, cost-effective exploration of 24 Gold prospects located In key districts across the Yukon Territory

Free
Message: GSR.V May 29 2015 Two Bullish Momentum Events
Reply New Message
Prev Message Back To Forum Threaded View Next Message

Goldstrike Resources Ltd

Event Details for: Bullish Weekly Momentum

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.
Event Date: May 29, 2015
Opportunity Type: Short-Term Bullish
Close Price: $0.18
Price Period: Weekly
Volume: 1,056,173
The Momentum has moved above 0.




Goldstrike Resources Ltd

Event Details for: Bullish Momentum

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.
Event Date: May 29, 2015
Opportunity Type: Short-Term Bullish
Close Price: $0.18
Price Period: Daily
Volume: 131,100
The Momentum has moved above 0.

Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply