Goldstrike Resources Ltd
(GSR:TSXV)
Event Details for: Continuation Wedge (Bullish)
| Tells Me: After a temporary interruption, the prior uptrend is set to continue.A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend. |
| Event Date: |
Jul 12, 2013 |
| Opportunity Type: |
Intermediate-Term Bullish |
| Close Price: |
$0.24 |
| Target Price Range: |
$0.29 - $0.31 |
|
|
|
| Price Period: |
Daily |
| Volume: |
240,000 |
| Pattern Duration: |
18 days |
| Inbound Trend Duration: |
40 days |
|
![]()
Goldstrike Resources Ltd
(GSR:TSXV)
Event Details for: Triple Moving Average Crossover (Bullish)
| Tells Me: The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average periods. 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. In the triple crossover method, a bullish signal is generated when a faster moving average (4 bar) crosses above an intermediate moving average (9 bar), which in turn crosses above a slower moving average (18 bar). In this state, the price is likely in an established uptrend. The opposite is true when the 4 bar crosses below the 9 bar which in turn crosses below the 18 bar, triggering a bearish event. |
| Event Date: |
Jul 12, 2013 |
| Opportunity Type: |
Intermediate-Term Bullish |
| Close Price: |
$0.24 |
|
| Price Period: |
Weekly |
| Volume: |
412,919 |
| 4-week moving average crossed above the 9-week which subsequently crossed above the 18-week. |
|
![]()
Goldstrike Resources Ltd
(GSR:TSXV)
Event Details for: Price Crosses 50-Day Moving Average (Bullish)
| Tells Me: 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. |
| Event Date: |
Jul 12, 2013 |
| Opportunity Type: |
Intermediate-Term Bullish |
| Close Price: |
$0.24 |
|
| Price Period: |
Daily |
| Volume: |
240,000 |
| Price crossed above the 50-day moving average. |
|
![]()
Goldstrike Resources Ltd
(GSR:TSXV)
Event Details for: Price Crosses 200-Day Moving Average (Bullish)
| Tells Me: 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. |
| Event Date: |
Jul 12, 2013 |
| Opportunity Type: |
Long-Term Bullish |
| Close Price: |
$0.24 |
|
| Price Period: |
Daily |
| Volume: |
240,000 |
| Price crossed above the 200-day moving average. |
|
![]()
Goldstrike Resources Ltd
(GSR:TSXV)
Event Details for: Price Crosses 21-Day Moving Average (Bullish)
| Tells Me: 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. |
| Event Date: |
Jul 12, 2013 |
| Opportunity Type: |
Short-Term Bullish |
| Close Price: |
$0.24 |
|
| Price Period: |
Daily |
| Volume: |
240,000 |
| Price crossed above the 21-day moving average. |
|
![]()
Goldstrike Resources Ltd
(GSR:TSXV)
Event Details for: Momentum (Bullish)
| 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: |
Jul 12, 2013 |
| Opportunity Type: |
Short-Term Bullish |
| Close Price: |
$0.24 |
|
| Price Period: |
Daily |
| Volume: |
240,000 |
| The Momentum has moved above 0. |
|
![]()
Goldstrike Resources Ltd
(GSR:TSXV)
Event Details for: Weekly Hammer (Bullish)
| Tells Me: The price may have reached the bottom of the recent downtrend, having recovered high up from a sharp decline for the session. The Hammer appears during a downtrend, displaying a long lower shadow with a small real body at the top of the range. The price may be developing a bottom and due for a reversal to the upside. |
| Event Date: |
Jul 12, 2013 |
| Opportunity Type: |
Intermediate-Term Bullish |
| Close Price: |
$0.24 |
|
| Price Period: |
Weekly |
| Volume: |
412,919 |
| Inbound Trend Duration: |
5 weeks |
|
![]()
Goldstrike Resources Ltd
(GSR:TSXV)
Event Details for: Williams %R (Bullish)
| 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. |
| Event Date: |
Jul 12, 2013 |
| Opportunity Type: |
Short-Term Bullish |
| Close Price: |
$0.24 |
|
| Price Period: |
Weekly |
| Volume: |
412,919 |
|
![]()
Goldstrike Resources Ltd
(GSR:TSXV)
Event Details for: Inverted Hammer (Bullish)
| Tells Me: The recent decline is approaching its bottom, as the balance between buyers and sellers evens out and there's an attempt (though failed) at higher prices. The Inverted Hammer appears during a downtrend with a long upper shadow reflecting an attempt a higher prices, and a small real body at the lower end of the range reflecting an evening out of the balance between buyers and sellers as the bears have lost some control. The price may have reached a bottom and ready to turn higher. |
| Event Date: |
Jul 10, 2013 |
| Opportunity Type: |
Short-Term Bullish |
| Close Price: |
$0.20 |
|
| Price Period: |
Daily |
| Volume: |
42,899 |
| Inbound Trend Duration: |
5 days |
|
![]()
Goldstrike Resources Ltd
(GSR:TSXV)
Event Details for: Price Crosses 21-Week Moving Average (Bullish)
| Tells Me: 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. |
| Event Date: |
Jul 05, 2013 |
| Opportunity Type: |
Intermediate-Term Bullish |
| Close Price: |
$0.23 |
|
| Price Period: |
Weekly |
| Volume: |
185,680 |
| Price crossed above the 21-week moving average. |
|
![]()
