MEK.V Bullish Technical Events Sept 19-20
Metals Creek Resources Corp
(MEK:TSXV)
Event Details for: Bullish Weekly Triple 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 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: |
Sep 20, 2013 |
| Opportunity Type: |
Intermediate-Term Bullish |
| Close Price: |
$0.04 |
|
| Price Period: |
Weekly |
| Volume: |
581,500 |
| 4-week moving average crossed above the 9-week which subsequently crossed above the 18-week. |
|
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Metals Creek Resources Corp
(MEK:TSXV)
Event Details for: Bullish 21-Week Moving Average Price Crosses
| 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: |
Sep 20, 2013 |
| Opportunity Type: |
Intermediate-Term Bullish |
| Close Price: |
$0.04 |
|
| Price Period: |
Weekly |
| Volume: |
581,500 |
| Price crossed above the 21-week moving average. |
|
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Metals Creek Resources Corp
(MEK:TSXV)
Event Details for: Bullish 50-Day Moving Average Price Cross
| 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: |
Sep 19, 2013 |
| Opportunity Type: |
Intermediate-Term Bullish |
| Close Price: |
$0.04 |
|
| Price Period: |
Daily |
| Volume: |
401,500 |
| Price crossed above the 50-day moving average. |
|
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Metals Creek Resources Corp
(MEK:TSXV)
Event Details for: Bullish 21-Day Moving Average Price Cross
| 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: |
Sep 19, 2013 |
| Opportunity Type: |
Short-Term Bullish |
| Close Price: |
$0.04 |
|
| Price Period: |
Daily |
| Volume: |
401,500 |
| Price crossed above the 21-day moving average. |
|
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Metals Creek Resources Corp
(MEK:TSXV)
Event Details for: Bullish Gap Up
| Gaps usually represent important areas of support or resistance. A Gap Up will indicate different situations based on the context in which it was formed. A Gap Up in an uptrend may indicate a previous level of resistance has been broken and now forms a support level. A Gap Up in a downtrend may indicate an end to, or a reversal of, the prior downtrend. Gaps provide an indication of a financial instrument's SHORT-TERM outlook. |
| Event Date: |
Sep 19, 2013 |
| Opportunity Type: |
Short-Term Bullish |
| Close Price: |
$0.04 |
|
| Price Period: |
Daily |
| Volume: |
401,500 |
| Inbound Trend Duration: |
5 days |
|
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|
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