AI
Friday, February 03, 2012 3:08:30 PM
CALVF Technical analysts define the "Golden Cross" as the chart
feature that occurs when a security's short-term moving average
(such as the 50-day simple moving average) breaks above its
long-term moving average (such as the 200-day simple moving
average) or resistance level -
Long-term indicators carry are considered to have more weight,
so crossing the longer-term average by short-term average price
line is a significant indicator of a change in momentum.
The Golden Cross indicates a bull trend may be starting and
is confirmed by higher trading volume.
The long-term moving average becomes the new support level
in the rising market after a Golden Cross -
CALVF Chart P&F Alert bullish price objective $0.23/share 1st Target -
http://investorshub.advfn.com/boards/board.aspx?board_id=5294
God Bless
feature that occurs when a security's short-term moving average
(such as the 50-day simple moving average) breaks above its
long-term moving average (such as the 200-day simple moving
average) or resistance level -
Long-term indicators carry are considered to have more weight,
so crossing the longer-term average by short-term average price
line is a significant indicator of a change in momentum.
The Golden Cross indicates a bull trend may be starting and
is confirmed by higher trading volume.
The long-term moving average becomes the new support level
in the rising market after a Golden Cross -
CALVF Chart P&F Alert bullish price objective $0.23/share 1st Target -
http://investorshub.advfn.com/boards/board.aspx?board_id=5294
God Bless
My opinions are my own and and DD I post should be confirmed as unbiased
