Investopedia explains Golden Cross 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.
lets keep watching for the signs, imo pps should bounce from these .17-.18 lows and find support at .21, confirming bullish trend on the long term with higher volume...merger will reaffirm the pattern, jmho
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