daytrades feb 2 pre-market, page-3

Explanation of a Golden Cross
As long-term indicators carry more weight, the Golden Cross indicates a bull market on the horizon and is reinforced by high trading volumes. Additionally, the long-term moving average becomes the new support level in the rising market.

Technicians might see this cross as a sign that the market has turned in favor of the stock.

The BLT chart certainly exhibits these characteristics and a Golden Cross looks on the cards. I am no longer worried about La Jolla Cove because their shares are easily be absorbed by the market.