GREY:PGDIF - Post by User
Comment by
mill44on Apr 06, 2015 9:07pm
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Post# 23602462
RE:RE:Long Term Technicals hit
RE:RE:Long Term Technicals hitFine example about the 200 day moving average is PGD's chart around summer 2012 and summer 2013. The price broke above the downsloping 200 day average a few times, then it started hugging it, finally breaking above it in 2013. By then the moving averages were in the right order and pointing up or at least going flat. I would not put a lot of accent on the moving averages, more or less showing that established trends don't turn on a dime often.