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Message: July 19 2013 GSR.V Bullish Technical Event Summary
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GSR.V Short Term Technical Events: 11 Bullish Events – 1 Bearish

GSR.V Intermediate Term Technical Events: 8 Bullish – 0 Bearish


Goldstrike Resources Ltd
(GSR:TSXV)

Event Details for: Bullish Weekly Commodity Channel Index

Tells Me: 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.
Event Date: Jul 19, 2013
Opportunity Type: Short-Term Bullish
Close Price: $0.28
Price Period: Weekly
Volume: 1,258,356

Goldstrike Resources Ltd
(GSR:TSXV)

Event Details for: Bullish Short-term KST

The KST, "Know Sure Thing", is an oscillator that combines multiple time frames into a single measure of momentum for a financial instrument. It can be interpreted in the same way as other smoothed oscillators but most commonly indicates bullish and bearish momentum signals as it crosses above and below its moving average respectively.
Event Date: Jul 19, 2013
Opportunity Type: Short-Term Bullish
Close Price: $0.28
Price Period: Daily
Volume: 47,832

Goldstrike Resources Ltd
(GSR:TSXV)

Event Details for: Bullish Double Moving Average Crossover

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 (MA) 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 double crossover method, a bullish event is generated when a faster moving average crosses above a slower moving average (21-bar MA crosses 50-bar, or 50-bar MA crosses 200-bar). In this state, the price is likely in an established uptrend. The opposite is true when the faster slips below the slower moving average, triggering a bearish event.
Event Date: Jul 18, 2013
Opportunity Type: Intermediate-Term Bullish
Close Price: $0.28
Price Period: Daily
Volume: 42,840
50-day moving average crossed above the 200-day moving average.

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