The Golden Cross, also a lagger, is certainly looking explosive. Previous few shown here: the purple 50sma crossing up over the white 200sma, about a week after the first significant news event that turned the 50sma up in a sharp projectory.
On the first back in October 2018, the news of the successful HIV trial dropped on the 28th September, and the cross formed in the first week of October coming off a very flat base, so that all moving averages were very close. As such, the shorter ma didn't have far to travel to cross up over the longer 200.
The next Golden Cross formed about the 18th Febuary, lagging from the news event on the 6th Febuary when SARS2 trials commenced.
The third and last Golden Cross formed on Monday 6th December, after the latest SARS2 results of 25th November.
In all cases, the cross formed about a week or so after the news event, and of course, it is the substantial news events after relatively flat periods that begin Golden Crosses formations.
In the present formation, it did the same, and we are now one week past the cross event, which is not unusual.
If it follows through, then it should certainly be explosive.
Close up of latest GC
