wow! like ten thousands different charts, oh well, simple here!
Definition of 'Golden Cross'A crossover involving a security's short-term moving average |
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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 |