Metals Creek Resources (TSX-V: MEK)
The Best Place to Look For Gold is in the Shadow of Headframes
Message: Metals Creek (MEK.V) May 21 2014 Bullish Technical Events
Metals Creek Resources Corp
(MEK:TSXV)
Event Details for: Bullish 50-Day Moving Average Price Cross
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Metals Creek Resources Corp
(MEK:TSXV)
Event Details for: Bullish 21-Day Moving Average Price Cross
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(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. |
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Metals Creek Resources Corp
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. |
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