2024 BrainChip Discussion, page-4053

SP History Check

In last 5 years, we had three 50 & 200 EMA crossovers, which the last one happened few days ago.

This crossover is called 'Golden Cross' and technically is considered as a very strong bullish signal.

In last two crossovers in 2020 and 2022, both share price and trade volumes reacted sharply as presented in figure below with red and pink boxes. The recent crossover looks very similar to the previous ones and volume-wise, the green and blue boxes have been formed.

Let's see if the SP and volumes are going to repeat their historical pattern and form another red and pink boxes!