hope you doing plenty of A2 research....did seeweed give you some flyers to hand out
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quite a chilly 21c here today - the locals are all moaning like hell. Just back from a 2.5 hr walk around the headland - 4 nudists on the isolated beach - all elderly males :t_down:
Got A2 in the fridge - ex Coles Noosa - no need for flyers - trampled in the rush to get near the chiller :D
The Indian Express
http://indianexpress.com/article/lif...afest-variant/
maybe tomorrow....
My worm has turned.... how about everyone elses? :-)
https://nz.finance.yahoo.com/q/ta?s=...&a=m26-12-9&c=
Not being a TA exponent, what does that mean Blobbles?
Which way has the worm moved?
Blobbles chart shows that the share price is rising and the 50 day moving average has cut through the 200 day exponential moving average.
When the 50 day cuts through the 200 day to the upside, its known as the golden cross which is a bullish sign. Typically, anyone who is short would be getting pretty worried at this point and would be covering their position.
Its interesting that blobbles has used the exponential 200 day moving avg rather than 200 day simple moving avg if his intention was to show the golden cross. Either way, from a chart point of view, its looking good.
What you can't see in the chart is that there is a potential take over occurring or capital raising so this could easily swing 20% in either direction based on the news that comes out in the coming weeks. I wouldn't use the chart to guide my investment decision right now.
Thanks Nasi, does beg the question though, is using pure TA to base buy/sell decisions realistic when ultimate decisions still require FA? Using that chart and your investment decision process (effectively ignoring it) does not produce anything decisive. There is the TA and then there is a "but". Is there always a "but" when a TA shows a "golden Cross" as you explain above, or is there always a possibility of a swing 20% either way when this occurs?