Petro One Energy
Light Oil Discovery and Development in Canada Petro One Energy’s focus is to acquire, discover & develop undervalued oil assets in Canada with close proximity to infrastructure and existing production.
Petro One Energy Corp
(POP:TSXV)
Event Details for: Bullish Momentum
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Event Details for: Bullish 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. |
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Yukon Gold
City
Whitehorse
Rank
Treasurer
Activity Points
1177
Rating
Your Rating
Date Joined
12/13/2010
Petro One Energy
Symbol
POP
Exchange
TSX-V
Shares
61,283,235 fd, July 2011
Industry
Energy & Environment
Website