Red day.. MA lines are even closer to crossing!
Post# of 1023
Red days are bad, right? Well, you've heard me say it a zillion times that not all red days are bad; and I still believe this.
Oh hey, hiya.. do not forget this and every post is NOT investment advice.
Go check out a couple of previous posts from last week where I mentioned the 50MA and 200MA were separated by only .006.
Guess what? Even though today is showing up as a red day on the candle chart..
...the 50MA and 200MA are now only separated by 0.0056. So even on slow days, when things are boring and quiet, the chart continually works in the background, silently inching those 50 and 200MA lines closer and closer together.
And as you all know, once they cross (and I still believe they will; just like I said the 50 and 100MAs would), we'll have a golden cross and this may indicate a long term bullish chart for SCIE.
Last Friday: 006 distance
Today: 0.0056 distance
Oh hey, hiya.. do not forget this and every post is NOT investment advice.
So, in one day, the MA's have inched 0.0004 closer. At this rate, we could be at a Golden Cross setup in 14 trading days which is before May 1st. Will this happen? Who knows. But it's undeniable that the MA's are getting closer and closer.
A purely opinionated thought which is not investment advice and is strictly my own interpretation of the chart which must not, shall not, and should not be interpreted in any manner as replacement for professional investment advice:
If and when the 50 and 200 MA cross, (because of momentum built due to PR's), and if we receive the right amount of PRs with the right news and 10Q's, and IF the red 100MA crossed the 200MA right after the blue 50MA crosses, we'll have our long awaited run which may go past .05 cents. It's impossible to say when this would occur, but if the chart continues as it is, and the 50 and 200MA cross before, during, or slightly after May 1st, the run may occur well before the end of June.
BOOM (..yet again. take that slow and boring trading day!)
Oh hey, hiya.. do not forget this and every post is NOT investment advice.
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