The big drop happened on the 4th of April and the AGM was at the end of April.
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Yeah - had me puzzled for a moment or two
you need to brush up on your T/A
What is a Death Cross?
The death cross is a technical chart pattern indicating the potential for a major selloff. The death cross appears on a chart when a stock’s short-term moving average crosses below its long-term moving average
Amazing ... Thank You Master! I feel blessed with the bulls wisdom ... even if most analysts agree that the Cross of death is a lagging indicator - i.e. when you see it confirms that you are too late);
It is just - you clearly can't talk about he usually used MA50 and MA200 - i.e. what moving averages have you seen crossing today?
Im glad you recognised Master Bull.... but on a more serious note MA50 AND MA200 why do they have to be these? A death cross can be any multiple you like.
I prefer backtesting to see historically which multiples have performed best to work out the multiples I use for my dreaded death cross.
They don't have to. It is just one of these conventions. Makes communication with others easier if both sides use the same definition.
OK - So you say you call a crossing of other MA's then everybody else the cross of death. Makes life more complicated, but fine with me.
However - you still didn't reveal which MA's supposedly did cross today in this sinister way? I don't know - and it appears you don't either ...
Interesting amount of single digit low number trades today and at 5pm SP boots to 5.70 ? ..........:confused:
Oh boy... Habour Asset Management buying SUM... I'd usually take an asset management firm buying up shares in xyz listed company as a good sign... but then you realise these guys are the ones who made a joke of themselves valuing their 7.32% stake in CBL Insurance at 28 cents a share (when we all knew it was worth nothing), but more worrying still is that they are the biggest holder of PEB with a whopping 16.47% stake (as at 31 March 2019)... both of these are fairly recent... and today these guys are disclosed buying more SUM........ given Harbour's very questionable recent track record (and its all about track records, as we know only to well on this form) I would think it is hard to get excited about them continuing to sink money into SUM.
Then again forsyth (the ones who like ARV) think SUM is pretty okay as well
Wow. What a month!.. and it isn't even up yet.
Using my 1 hour MA and 1.25 day MA, there has been 16 Black Crosses and 15 Golden Crosses this month
We sure live in volatile times.