Yes Htae it is important, the 200ema (light blue) is a very important indicator for the longs and you can see that there's a punch up with the SP at the moment. Now the red 50ema is below it which is bearish currently but now angling towards the 200 and of course if they cross you have a "golden cross" which is regarded as an extremely bullish move for loooongs. Many investors will only enter and exit off the crossings of the 50 and 200ema's. (quite a safe way of beating the banks annually but always protecting capital)
Now if you want to bring it in a little we can see a very nice trading pattern above both the 8ema and bollie median, you don't get any better than that as until that changes, it's always going up. Simples.
Cheers
NEU Price at posting:
$13.27 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)