Petro One Energy Corp

(POP: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:

Nov 30, 2012

Opportunity Type:

Intermediate-Term Bullish

Close Price:


.27

Target Price Range:


.34 -
.36

 

 

 

Price Period:

Daily

Volume:

257,300

Pattern Duration:

27 days

Inbound Trend Duration:

96 days

 





Petro One Energy Corp

(POP:TSXV)


Event Details for: Price Crosses 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.

Event Date:

Nov 30, 2012

Opportunity Type:

Short-Term Bullish

Close Price:


.27

 

Price Period:

Daily

Volume:

257,300

Price crossed above the 21-day moving average.

 





Petro One Energy Corp

(POP:TSXV)


Event Details for: Momentum

 

 

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:

Nov 30, 2012

Opportunity Type:

Short-Term Bullish

Close Price:


.27

 

Price Period:

Daily

Volume:

257,300

The Momentum has moved above 0.

 





Petro One Energy Corp

(POP:TSXV)


Event Details for: MACD

 

 

The MACD (Moving Average Convergence Divergence) plots the difference between a shorter-term (12-bar) and a longer-term (26-bar) exponential moving average (EMA). Bullish and bearish events are generated respectively as the MACD fluctuates above and below zero to indicate whether prices in the shorter term are stronger or weaker than the longer term average. A 9-period EMA of the MACD is overlayed as a "signal line" which smooths out the MACD to provide a clearer view of whether it's moving upward or downward. A bullish event is generated when the MACD crosses above the signal line, showing that the current MACD is actually higher than its average, a sign of increasing strength for the price. The opposite is true for bearish events which signal decreasing strength in price as the MACD crosses below the signal line showing that it's now below average.

Event Date:

Nov 30, 2012

Opportunity Type:

Intermediate-Term Bullish

Close Price:


.27

 

Price Period:

Weekly

Volume:

400,060

 





Petro One Energy Corp

(POP:TSXV)


Event Details for: 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:

Nov 30, 2012

Opportunity Type:

Short-Term Bullish

Close Price:


.27

 

Price Period:

Daily

Volume:

257,300

 





Petro One Energy Corp

(POP:TSXV)


Event Details for: 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:

Nov 30, 2012

Opportunity Type:

Short-Term Bullish

Close Price:


.27

 

Price Period:

Daily

Volume:

257,300