TSXV:AUN.H - Post by User
Comment by
Banman17on Apr 04, 2008 10:42pm
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Post# 14941406
Moving Averages Cross coming up
Moving Averages Cross coming upIf you look at a 1 year chart and see what happened when the 50 dma crossed below the 200 dma, you'll see there was additional selling. Now the reverse will be happening soon, ie, the 50 dma will be crossing above the 200 dma, which is a bullish cross, sometimes referred to as a golden cross. When this happens, I expect more buying to occur as this shows an upward bias of the stock price on a long term basis. Judging by the slopes of the moving averages, this cross should take place in the next month I'd say. So hang on for higher prices yet.
Banman