Metals Creek Resources (TSX-V: MEK)
The Best Place to Look For Gold is in the Shadow of Headframes
Message: MEK.V Feb 24 2013 - Two Bullish Technical Events
MEK.V Feb 24 2013 - Two Bullish Technical Events
Metals Creek Resources Corp
(MEK:TSXV)
Event Details for: Price Crosses 21-Day Moving Average
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(MEK:TSXV)
Event Details for: Price Crosses 21-Day Moving Average
| 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. | ||||||||||||
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Metals Creek Resources Corp
(MEK:TSXV)
Event Details for: Price Crosses 50-Day Moving Average
| 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. | ||||||||||||
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