Quick Notes for Reflection
In this specific formation, it seems there may be a correlation between pps movement and the relationship between the 10 and 50 MA. If a death cross forms (PHUN and SRSR), the stock does not seem to increase incredibly high. If a death cross recently formed (3-5 sessions ago), this does not mean anything. Stocks can still break-out if there is decent space between the 10 and 50 MA. If a golden cross forms (lower MA crossing a higher MA on positive movement), the stock seems to have a high chance of breaking out (APDN). Will continue to consider these possibilities and post further as I am convinced.
MACD seems to bear no difference on potential break-outs. Stocks have broke-out with a very negative MACD. Despite this, if the MACD is positive or close to the center line, the stock seems to break-out more often. At this time, not very convinced this is a reliable indicator.