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:

Feb 20, 2013

Opportunity Type:

Intermediate-Term Bullish

Close Price:

$0.29

Target Price Range:

$0.37 - $0.39

 

 

 

Price Period:

Daily

Volume:

95,050

Pattern Duration:

22 days

Inbound Trend Duration:

64 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:

Feb 20, 2013

Opportunity Type:

Short-Term Bullish

Close Price:

$0.29

 

Price Period:

Daily

Volume:

95,050

Price crossed above the 21-day moving average.

 





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:

Feb 20, 2013

Opportunity Type:

Long-Term Bullish

Close Price:

$0.29

 

Price Period:

Daily

Volume:

95,050

Price crossed above the 200-day moving average.

 





Petro One Energy Corp

(POP:TSXV)


Event Details for: Williams %R
 

 

Tells Me: For bullish events, we seem to be in a new uptrend now that the price has recovered from oversold (dropped below -80 then rose above). The opposite is true for bearish events where we seem to be in a new downtrend now that the price has recovered from overbought. Meanwhile there is clear evidence that the trend has reversed (continued through the -50 level). Williams %R is built on the premise that as prices increase, "close" prices tend to be closer to the upper end of the recent price range, and vice versa. The oscillator looks at the most recent "close" price as a percentage of the high-to-low price range over a specified period of time (14 bars) so when %R is high, it's likely we're seeing upward pressure, and vice versa. The line fluctuates between 0 and -100 with -20 and -80 often used to identify overbought and oversold conditions.

Event Date:

Feb 20, 2013

Opportunity Type:

Short-Term Bullish

Close Price:

$0.29

 

Price Period:

Daily

Volume:

95,050