yet its likely as its going the 8day/av will cross above the 34day/av (not really a 'golden cross') .. though as I said and always say either way .. only "IF" it gets there
sometimes the moving averages don't make it .. they turn .. they're always turning .. and sometimes the moving average turns back down as it did here the end of last month .. look at the chart at the 8day end of April .. it almost crossed above the 34day .. yet it didn't make it
that could happen again .. and .. even "IF" it does cross over there's no guaranteeing anything spectacular happens especially in a BK stock or stocks with associated problems
maybe it might be good .. maybe it won't mean anything its just an indicator to try to make decisions based on patterns and in these levels of stocks below one or two bucks .. indicators are used for "TRADING" .. not "investing" Long .. while they're for that in blue chips
indicators can help one take profits channel trading after making mistakes holding too long .. yet not meant to make the same mistakes again they're best for targeting where to take profits .. little by little to get back whats lost in bags holding from bad moves trying to invest Long in a Trading stock that should be traded mostly with fast swings
no time for now ..too busy .. look at the indicators to make strategies to take profits to recoup from having made bad moves winding up with an average 100 or 200 percent higher than the current price per share (and thats not "flipping" .. don't get caught in the cliche malarkey)
anyway .. not saying there's a golden cross at all .. saying .. figure ways to channel trade swings ..buy lows of days ..sell highs of days .. if not day trades .. fast swing trades over a day or 2 .. 20.. 30 .. 40 percent gains .. to get money back from holding the bags .. then the bags get lighter eventually .. yes .. its not that simple .. and I got no time left .. just trade .. stop "Investing" .. when in these stocks under 3 bucks .. thats the only time I say it .. don't like to give advise .. yes .. once every blue moon .. one makes it Long ... I'm saying ... generally speaking .. Trade .. don't .. Invest
if the 8day/av crosses above the 34day/av .. that might be good .. and maybe might not matter
said I'd mention it yesterday .. yet got hung up here on the 'golden cross' question .. either way .. e'nuff said for now .. back later after the day .. not really expecting much today .. yet would be good of course .. and always watch for downside .. and take action to protect money .. back later after hours or tomorrow etc .. .. Good Trading
here's the chart again (indicators) ... again .. look back at end of April .. the 8 day almost crossed the 34 .. yet it didn't .../ will that happen again .. who knows ..
also now then .. changing the averages on the second chart here .. and look at the 50 day .. thats the Big Resistance here all along .. thats all I can say for now .. no time left look at the charts a little more closely .. if ya' even look at all .. not just you dmcc .. yet anyone "trading" thats here not knowing much abiout them ... AND .. ALWAYS .. look first at the volume .. a very most important Leading Indicator
from now on .. I'll spare the lectures .. ha ha .. don't got time for it anyway
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.