What I love about the chart presently is the Golden Cross has only just formed, even if the price has risen considerably. I've drawn it as a zone, as my 200ma is not showing, but it wouldn't be too far below the 100, so the cross would have formed when the 50ma (bright pink) crossed up within the yellow circle. For a smaller version of it - 25/100 - formed Friday/today (pink crossing dark green).
For anyone unfamiliar with the significance, read up, or check out one example from SFH below. Basically, any chart that has based and trading below long term averages will form the cross before it goes parabolic.
We're also riding neatly under the top Bollinger and will continue to do so for as long as price increase remains stready.
Little Gem, page-36
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Last
$4.20 |
Change
0.100(2.44%) |
Mkt cap ! $239.5M | |||
| Open | High | Low | Value | Volume |
| $4.10 | $4.20 | $4.10 | $7.356K | 1.789K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1273 | $4.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.20 | 4642 | 2 |
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| Last trade - 12.39pm 27/11/2024 (20 minute delay) ? |
| DSE (ASX) Chart |
