I am not a great chartist, just rough pattern when 50DMA is compared to something like AR also has confirming X=type cross pattern at same time. Our 50DMA is roughly .29 now . . . though
there exists no real confirmation in stock volume. Goggle X trading stock pattern in stock chart trading (or something like that)? It is thought to be important indication future hint of stock price direction up or down. Can't be more specific unfortunately, as I read it somewhere.
Crossing the 50MA of the stock price (up or down) is kind of indicator something is up with stock and if there is some kind of confirming stock charting indicator that goes counter at same time, if overlayed on 'stock chart line some kind of X-pattern is seen.
I think it is really meant to be stock direction future indicator when confirmed by large buy/sell volume.
This Friday, two things are hurting us . . . North Korea latest nuclear test and NV state's decision to force fantasy sports betting companies to buy license to do business in state. Larger companies like Fan Duel have said they won't do it. States Rights influenced by large in-state political donors, is going to be the way and means to approve (or stop) the right of individual to pay-to-play mobile gambling/gaming legally.
To me . . . in stock trading one looks at accounting, management strength, product saturation cycle, general stock market direction, major PR news, present stock price to 52 Hi/low cycle,
buy-out/partner potential, some basic charting set-ups and then flips a coin. You should also consult a therapist too. :)
I bot small amount of this stock to see what 'cooks' out of Nov elections and Holidays. I will probably just keep it, and wait for several years in hopes 'times change' in our favor. I foresee
much more government revenues possible to taxing authorities through approving mobile pay-to-play, and eventually new ownership intersts in big casinos wil find way to get on that band wagon?
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