Goldstrike Resources Ltd
(GSR:TSXV)
Event Details for: Inside Bar (Bullish)
Tells Me: The balance between buyers and sellers, recently dominated by the bears, is evening out. We may see higher prices ahead. An Inside Bar develops during a strong downtrend, when the trading range is completely within the boundaries of the prior bar. This suggests the balance between buyers and sellers is becoming more evenly balanced i.e. a weakening in power for the bears and increasing in power for the bulls.
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Event Date:
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Mar 19, 2013
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Opportunity Type:
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Short-Term Bullish
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Close Price:
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$0.24
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Price Period:
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Daily
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Volume:
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75,500
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Inbound Trend Duration:
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5 days
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