Replies to post #1774 on Next Galaxy Corp. (fka NXGA)

[trader53]

NXGA - Golden Cross approaching !

The Golden Cross is Very Bullish !

Example: shown below


Definition of: 'Golden Cross'
http://www.investopedia.com/terms/g/goldencross.asp


A Crossover
involving a security's short-term moving average
breaking above its long-term 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 see this cross as a sign,
that the market has turned in favor of the stock.