ALA 0.00% 14.0¢ arovella therapeutics limited

Golden Cross MKII !!!

  1. 7,256 Posts.
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    We are now two to three days away from a 'Golden Cross'.

    "The golden cross is a chart pattern created when a shorter term moving average was below a longer term moving average, but it crosses above that moving average. This is typically seen as a bullish signal. The golden cross is mostly used with longer term moving averages. It’s an especially strong signal when the 50 day moving average crosses above the 200 day moving average."

    The last, and probably only other time for this stock, this occurred was nearly 12 months ago, when we saw the SP rocket from 3's to 8's.

    Id suggest this stock would now be triggering alerts, and a repeat of action during Golden Cross I is very likely.

    Last edited by abitlikeme: 24/10/14
 
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