The golden cross is a candlestick pattern that is a bullish signal in which a relatively short-term moving average crosses above a long-term moving
average. The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (in this case the 50 day moving average is breaking above its long-term moving average of 144 day. Golden cross is highlighted by a circle on the chart.
On a daily chart it has also formed another bullish patter of Cup & Handle. A price target of 300 is expected and if supported by the volume a much higher target between 300-315 couldbe possible.
average. The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (in this case the 50 day moving average is breaking above its long-term moving average of 144 day. Golden cross is highlighted by a circle on the chart.
On a daily chart it has also formed another bullish patter of Cup & Handle. A price target of 300 is expected and if supported by the volume a much higher target between 300-315 couldbe possible.
Yorum:
Target Achieved and oversot on 24 Aug,2020. Total points gained 52