RE:RE:THE GOLDEN CROSSMost people refer to the "Golden Cross" as the 50 DMA crossing up through the 200DMA.
On Oct 5th we had a true Golden Cross with the stock at $12ish.
The stock proceeded to go up almost 400% in three months so I love the indicator but this isn't it.
Here is where we discussed that Golden Cross back on Oct 5.
https://www.stockhouse.com/companies/bullboard/t.weed/capital-gold-corporation?postid=26779681
Peyton wrote: I think your on to something. This was also what Buckshot was just talking about.
What is a 'Golden Cross'
The golden cross is a bullish breakout pattern formed from a crossoverinvolving a security's short-term moving average (such as the 15-day moving average) breaking above its long-term moving average (such as 50-day moving average) or resistance level. As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes.
OriginalMick wrote: Don’t fight it. Let the golden cross work for you. Mick