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
Message: GSR.V July 21 2015 Bullish Technical Events
Goldstrike Resources Ltd
Bullish Ascending Continuation Triangle
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The increasingly higher lows and constant highs within this pattern tell us that buyers are more aggressive than sellers, confirmed by a breakout through a resistance level to signal a continuation of the prior uptrend. An Ascending Triangle, with its increasingly higher lows and constant highs, indicates that buyers are more aggressive than sellers. The pattern typically forms because a supply of shares is available at a certain price, represented by the upper flat line. When the supply depletes, the shares quickly break out from the top trendline and move higher. |
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Goldstrike Resources Ltd
Bullish Commodity Channel Index
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The price is relatively far from its 20-bar average price. The Commodity Channel Index (CCI) measures the deviation of the price from its average value (comparing to a chosen moving average, typically 20 bars). The oscillator is normalized by dividing by the typical deviation, so we get an oscillator fluctuating roughly between +100 and -100. Many traders use these as overbought(+100)/oversold(-100) markers and watch for signs of reversal, but original use was to consider long positions when CCI is above +100 (bullish event), and short when below -100 (bearish event). When the price crosses back in between +100 and -100, another event is triggered to indicate an end to the prior bullish or bearish situation and a possible opportunity to close out such a position. |
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