AI
Monday, December 21, 2015 3:30:55 PM
NXGA - Golden Cross approaching !
The Golden Cross is Very Bullish !
Example: shown below
Definition of: 'Golden Cross'
http://www.investopedia.com/terms/g/goldencross.asp
A Crossover
involving a security's short-term moving average
breaking above its long-term moving average
or resistance level.
As long-term indicators carry more weight,
the 'Golden Cross' indicates a bull market on the horizon
and is reinforced by high trading volumes.
Additionally, the long-term moving average
becomes the new support level in the rising market.
Technicians see this cross as a sign,
that the market has turned in favor of the stock.
The Golden Cross is Very Bullish !
Example: shown below
Definition of: 'Golden Cross'
http://www.investopedia.com/terms/g/goldencross.asp
A Crossover
involving a security's short-term moving average
breaking above its long-term moving average
or resistance level.
As long-term indicators carry more weight,
the 'Golden Cross' indicates a bull market on the horizon
and is reinforced by high trading volumes.
Additionally, the long-term moving average
becomes the new support level in the rising market.
Technicians see this cross as a sign,
that the market has turned in favor of the stock.
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