GSR.V April 16 2013 Bullish Outside Bar

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GSR.V April 16 2013 Bullish Outside Bar

posted on Apr 17, 2013 02:15AM

Goldstrike Resources Ltd

(GSR:TSXV)

Event Details for: Outside Bar (Bullish)

Tells Me: Selling pressure showing signs of exhaustion; we may see higher prices at least in the short term. An Outside Bar (BULLISH) develops during a strong downtrend, when the trading range completely encompasses the range of the prior bar. This signals an exhaustion of the prior downtrend and potentially a reversal.

Event Date:	Apr 16, 2013
Opportunity Type:	Short-Term Bullish
Close Price:	$0.21

Price Period:	Daily
Volume:	2,799
Inbound Trend Duration:	5 days

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