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 24 2015 - Two Key Weekly Bullish Technical Events
Goldstrike Resources Ltd
Bullish 21-Week Moving Average Price Cross
|
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. |
||||||||||||
|
|
Goldstrike Resources Ltd
Bullish Weekly Williams %R
| Tells Me: For bullish events, we seem to be in a new uptrend now that the price has recovered from oversold (dropped below -80 then rose above). The opposite is true for bearish events where we seem to be in a new downtrend now that the price has recovered from overbought. Meanwhile there is clear evidence that the trend has reversed (continued through the -50 level). Williams %R is built on the premise that as prices increase, "close" prices tend to be closer to the upper end of the recent price range, and vice versa. The oscillator looks at the most recent "close" price as a percentage of the high-to-low price range over a specified period of time (14 bars) so when %R is high, it's likely we're seeing upward pressure, and vice versa. The line fluctuates between 0 and -100 with -20 and -80 often used to identify overbought and oversold conditions. | |||||||||||
|
|
New Message
Please
login
to post a reply