SHE 0.00% 0.9¢ stonehorse energy limited

My amateur interpretation from Looking the image in Snob post is...

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    My amateur interpretation from Looking the image in Snob post is that you can see that at the period prior to the red rectangle you can see the Moving averages converging, then the short term Moving average diverging from the longer term ones. Then the two shorter term converge after the price plateau's.. and then again the shorter term diverge as the price heads south.
    More recently most of the indicators are beginning to converge again ..maybe another min or max.
    .
    I suppose a trader could have jumped in at the convergence November 2020 and jumped out again in June/Sept 2022 using these indicators along with others.
    .
    During the whole time frame the MA200 is on a positive trend ,as these remove the shorter term fluctuations but also has a longer term memory (bigger lag) of past (Juwell well)
    .
    I hope i got that right,




    g

 
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