News Focus
News Focus
icon url

NYBob

02/17/12 4:06 PM

#973 RE: Pandemonium #972

Pandemonium' on 'Tengasco, Inc. (TGC)'
congratulation :-) good pick!
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 -
God Bless