"For many traders the cross is the trigger to buy. CNB will be on their radar as they watch for the cross to happen, once it does their buy orders will flow in....this is what drives the price up so quickly."
Agree @Immetoday.
Thousands of TA traders these days, who all use the same buy and sell triggers.
Things like the "golden cross", simply become a self fulfilling prophesy.
Now all we need is the small price rise required, to ensure the golden cross is ticked off.
Couch change anyone?
You might want to take a look at this..., page-274
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Last
39.5¢ |
Change
-0.020(4.82%) |
Mkt cap ! $67.91M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.0¢ | 38.5¢ | $88.59K | 224.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2200 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 1355 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| CNB (ASX) Chart |