Petro One Energy Corp

(POP:TSXV)


Event Details for: 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:

Jan 14, 2013

Opportunity Type:

Bullish

Close Price:

$0.30

 

Price Period:

Daily

Volume:

23,800

Inbound Trend Duration:

5 days

 





Petro One Energy Corp

(POP:TSXV)


Event Details for: Island Bottom
 

 

Tells Me: The recent decline has reached a bottom, signaling a (minor) reversal to the upside. An Island Bottom forms after a sustained downtrend, as a narrow trading range develops that is separated from the previous price action by first an exhaustion gap and then a breakaway gap.

Event Date:

Jan 14, 2013

Opportunity Type:

Short-Term Bullish

Close Price:

$0.30

 

Price Period:

Daily

Volume:

23,800

Pattern Duration:

3 days

Inbound Trend Duration:

5 days

 





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:

Jan 14, 2013

Opportunity Type:

Short-Term Bullish

Close Price:

$0.30

 

Price Period:

Daily

Volume:

23,800