I'd be interested for some Chartist to comment on the following Chart:
The Awesome Oscillator - "The Awesome Oscillator (AO) is a momentum indicator in technical analysis used to measure market momentum, identify potential reversals, and confirm trends. It's calculated by subtracting a 34-period simple moving average from a 5-period simple moving average, both using the median price of each bar (High+Low)/2. The AO is displayed as a histogram, with green bars indicating increasing momentum and red bars indicating decreasing momentum."
"Momentum Measurement: The AO measures the strength of the current market momentum by comparing recent price movements to a broader historical perspective. Trading Signals:Traders can use the AO to generate buy and sell signals based on crossovers of the zero line, patterns in the histogram, and other factors."
Have we got a bullish trend now confirmed with the cross over of zero on this AO?
CU6 Price at posting:
$2.62 Sentiment: Hold Disclosure: Held
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(20min delay)