the chart is mid & long term moving averages crossing each other - slightly shortened periods as i prefer to use these as they pick the game ahead of the pack.
they simply smooth price & are a lagging indicator with those provided in the chart being a great signal for the mid/long term trend as opposed to a short sharp move. Although in saying that it is also a signal that many may pick up via scans & attract some interest over coming days.
For me personally it is a great signal as i see the fundamental developmets really at a point of significant change so it is something that confirms this from a technical perspective.
On that note since listing in 2005 they have only crossed on 3 previous occasions.
PYC Price at posting:
7.4¢ Sentiment: None Disclosure: Held
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