Trend Change defined -- Golden Cross -- Interesting...
Trying to learn and found these on the world wide web:
"The two moving averages
I use two moving averages: the 10 period simple moving average (SMA) and the 30 period exponential moving average (EMA). I like to use a slower one and a faster one. Why? Because when the faster one (10) crosses over the slower one (30), it will often signal a trend change."
"Definition of 'Golden Cross'
A crossover involving a security's short-term moving average (such as 15-day moving average) breaking above its long-term moving average (such as 50-day moving average) or resistance level."
"Investopedia explains 'Golden Cross'
As long-term indicators carry more weight, the Golden Cross indicates a bull market on the horizon and is reinforced by high trading volumes. Additionally, the long-term moving average becomes the new support level in the rising market.
Technicians might see this cross as a sign that the market has turned in favor of the stock."
Maybe it's just not enough coffee this am, but the stock chart for Nano is starting to look like a Hockey Stick! And BadBillys Rants of NNLX losing tens of percentages each day seem to have decreased. Worm might have turned into a butterfly, or did it swim into a bottle of tequila? ;-)
Only my random thoughts before the market opens today as am now on days off and more free time! ;-)
Take good care;
I certainly hope it has turned and will start moving upward. However, I think the volume has been too low for charting to have any significant meaning. Just watching it every day seems to tell me that we have pretty strong support around .18 to .19 and have pretty strong resistance at around .21 as it can't seem to sustain any price above .21 for more than a day or two - if not a few hours but does seem to bounce every time it drops to .18 or .19.
On trades of $25 in both directions. What a joke. It seems pretty obvious that there are those who hate this company so much that they are willing to spend a few dollars (tips) to drop the price when possible.
At least any real type of news or movement will not be affected by 200 share trades, but it is still sad to watch these small amounts move such a large percentage of the price.