TSXV:AUN.H - Post by User
Post by
Banman17on Mar 16, 2008 3:34pm
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Post# 14728800
Golden cross
Golden crossExtrapolating about a month out,if AUN continues to rise at the same rate, it looks like we will have the 50 dma cross above the 200 dma, which should be a major buy signal. This is known as a golden cross, and bodes well for future increases in price. The real method is to analyse the Volume & Spread (volume-spread analysis) as made famous by Wyckoff. Recommended reading to understand the true principles of Supply and Demand on any market.
Banman