BitMine Immersion Technologies Inc. (BMNR)

[Hilander]

Golden Cross Coming:

Let's watch this golden cross forming over the next few days or week.



Golden Cross:
http://www.investopedia.com/terms/g/goldencross.asp
A crossover involving a security's short-term moving average (such as 15-day moving average) breaking above its long-term moving average (such as 50-day 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 might see this cross as a sign that the market has turned in favor of the stock.