To identify a Golden Cross, the following usually takes place:
1. There is a downward trend is occurring but is on its last legs because interest in selling declines and eventually begins to be overpowered by stronger buying interest.
2. The emergence of a new trend. It is all about the breakout of the new trend, when the short-term average crosses from below to above the long-term average, forming the golden cross.
3*. The new bullish trend is prolonged...
On another note,
On March 25th, Apple has a big reveal for the Dongle TV (their own firestick/chromecast), a new streaming platform, and more.
I think now could be a great time to go long on AAPL.
I appreciate any feedback!
1. There is a downward trend is occurring but is on its last legs because interest in selling declines and eventually begins to be overpowered by stronger buying interest.
2. The emergence of a new trend. It is all about the breakout of the new trend, when the short-term average crosses from below to above the long-term average, forming the golden cross.
3*. The new bullish trend is prolonged...
On another note,
On March 25th, Apple has a big reveal for the Dongle TV (their own firestick/chromecast), a new streaming platform, and more.
I think now could be a great time to go long on AAPL.
I appreciate any feedback!