Gold Road Resources (GOR.AX)
1ST TIMEFRAME TREND
Trading: BUY @ $0.845
Signal Strength: WEAK
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.
Gold Road Resources (ASX:GOR) is in an uptrend in the short term timeframe. The buyers have dominated the daily trade, however further confirmation is required before taking a position
The Tricklar short term trend indicator (T1) highlights the high points and low points associated with the individual bars. As such, successive rallies penetrating preceding high points whilst cancelling preceding lower troughs offer a BULLISH indication in the second time frame. Conversely, failure of rallies to penetrate previous Lower peaks whilst maintaining prices below the previous lower troughs indicates BEARISH trends in the second timeframe.
Calculation: Tricklar short trend (T1):
1) [BULLISH] An uptrend is a succession of higher highs and higher lows;
2) [BEARISH] A downtrend is a succession of lower highs and lower lows;
PROFILE: Gold Road Resources (GOR.AX)
Stock Exchange: ASX
Company: Gold Road Resources
Ticker Codes: | GOR.AX | ASX:GOR |
Gold Road Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Australia. The company primarily explores for gold deposits. It focuses on developing the Yamarna Belt comprising Gruyere, Central Bore, and Attila projects, which covers an area of 6,000 square kilometers located to the east of Laverton in Western Australia. The company was formerly known as Eleckra Mines Limited and changed its name to Gold Road Resources Limited in November 2010. Gold Road Resources Limited was incorporated in 2007 and is based in West Perth, Australia.
1st timeframe trendDownload
|EMH European Metals Holdings||0.4||14.3||44,010||0||NEUTRAL|
|AXP Airxpanders Inc||0.04||12.1||4,203,665||0||NEUTRAL|
|GCY Gascoyne Resources||0.11||11.1||1,637,598||0||NEUTRAL|
|SXY Senex Energy||0.38||7.1||10,983,458||0||NEUTRAL|
|SLR Silver Lake Resources||0.68||6.3||5,503,241||0||NEUTRAL|
|PRU Perseus Mining||0.44||6||5,131,036||0||NEUTRAL|
|AYS Amaysim Australia||0.95||5.6||94,182||0||NEUTRAL|
|BSA Broadcast Services Australia||0.29||5.6||67,709||0||NEUTRAL|