FMG Technical Analysis, page-8894

Its the GOLDEN CROSS

"Stockopedia explains 50dMA / 200dMA
On a stock chart, the golden cross occurs when the 50-day MA rises sharply and crosses over the 200-day MA. This is seen as bullish."

A golden cross is a bullish TA signal that the ST SP is moving higher above the MT average.

Today we saw a higher open yet again, +21c higher than the prior close
then a higher red candle with -33c red body 2c neck 32c tail
with a U shape daily chart
meaning the higher open got poppy cut down by SHORTS and then this reversed back upwards from the daily lows trapping the SHORTS & forcing them to cover for a pittance
Strong buying support at 20.00-20.30, yet again, thats about 5 times there has been support at this level in the last few weeks at this ledge at 20-21

SHORTS lucky to make 15-20c today as many would not have sold at daily lows until the uptrend was in process at 20.20

22-23 looking the target for BULLS atm.
SHORTS still here daily & snapping off the tops,
last few years we saw a sharp rerate higher early Jan so SHORTS are going to BURN imho.

a GOLDEN CROSS in BULL SEASON is BULLISH
Support ledge 20-21 holding very well
Whens the breakout ramp coming?

BURN them SHORTS, BURN.