And how about the longs that have not been intimidated by the games being played. It has been a pretty tough test in the past couple of weeks. The payoff is near.
Yes my friends - we're a day closer to the golden cross. With the very exciting future transactions taking place, who knows what PPS SWVC will be trading at when the golden cross occurs.
That beautiful blue line - the MA(50) - is going to rise higher than that beautiful red line - the MA(200).
Golden Cross:
A crossover involving a security's short-term moving average (such as 50-day moving average) breaking above its long-term moving average (such as 200-day moving average) or resistance level.
Example:
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.
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