MAY 0.00% 3.2¢ melbana energy limited

May Chart, page-10915

  1. 7,358 Posts.
    lightbulb Created with Sketch. 876
    By default, the price is already above the green arrow when it crosses up, and way way below the red arrow when it crosses down that last time... Why? because it's a lagging following indicator.
    And creates a self fulfilling prophecy to followers.
    If I was a cynic.... I'd load up and tell disciples to wait for confirmation then sell and tell people to wait for the cross down, but that's just me.

    Cheers tc.
 
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