Pantheon Resources Gaps Down!

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Pantheon Resources stock (LSE:PANR) has gapped down in a an equilibrium market. The market went gradually downwards in August and September 2016, and then gapped down recently.

Right now, The ADX period 14 is below the level 20, still reflecting the recent equilibrium phase in the market (though the ADX line would rise upwards any moment from now). The ADX DM- has just crossed its DM+ to the upside, which is a new bullish signal. The MACD, default parameters, is not yet giving any signals, but when it gives a signal, the signal line and histogram would have crossed the zero line to the upside, giving a Bullish Confirmation Pattern in conjunction with ADX.

The gap-down on Pantheon Resources is not a trading signal. The gap may still be filled or it can be the beginning of a major trend. Whatever would happen, the month of December 2016 would reveal.

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