InvestorsHub Logo

SilverBack

12/24/17 8:58 PM

#41346 RE: Pharaoh-1 #41254

Lol wrong. It's any short term average moving above the longer term MA"s.

What is a 'Golden Cross'

The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (such as the 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.

https://www.investopedia.com/terms/g/goldencross.asp