Post by
Greenday on Feb 22, 2022 10:38pm
Death Cross
Before the BBD censorship committee accuses me of something let me point out that I'm not advocating or presenting an opinion. Just offering information. No more no less.
Today BBD closed below it's 50 day moving average of 1.69 by one cent. That is considered a bearish signal in technical analysis. Theoretically the 50 day moving average price which once acted as support is now a resistance level.
A death cross occurs when the 50 day moving average closes below the 200 day moving average. This too is a bearish signal as the 200 day support line price becomes a resistance line price. BBD's 200 day moving average currently sits at $1.59. 9 cents below today's closing price of $1.68.
Comment by
Nordico on Feb 23, 2022 12:10am
So your attempt at making a somewhat relevant post is some cliche technical analysis tea-leaf reading mumbo jumbo. Amazing!
Comment by
Frenchonporch on Feb 23, 2022 1:04am
Green you got that all wrong. BBD did not close at 1.68 but at 1.61 A death cross appears when the 50-day moving average crosses below the 200-day moving average. The 200ma is at 1.62 now and there is no death cross in sight. Today, Wednesday, i expect a green day.
Comment by
Frenchonporch on Feb 23, 2022 1:48am
You have the wrong numbers. Get a chart. Ma50 is 1.69 and going flat. Ma200 is 1.62