As a penny stock trader it is important to understand that larger market trends so that you can prepare and adapt your risk exposure with your penny stock.
A widely used, but rarely discussed is the "Golden Cross" the golden cross over occurs when the 50-day moving average crosses and goes higher compared to the 200-day moving average, this signals a looming bull market. These signals typically have a high success rate of determining future trend, when applied to indices, indexes, stocks.
As a penny stock trader the "Golden Cross" is a perfect tool to be used regularly against your stocks and market your trading.
Metastock Indicator Code (Metastock formula)
Mov(C,50,S);Mov(C,200,S)
A widely used, but rarely discussed is the "Golden Cross" the golden cross over occurs when the 50-day moving average crosses and goes higher compared to the 200-day moving average, this signals a looming bull market. These signals typically have a high success rate of determining future trend, when applied to indices, indexes, stocks.
As a penny stock trader the "Golden Cross" is a perfect tool to be used regularly against your stocks and market your trading.
Metastock Indicator Code (Metastock formula)
Mov(C,50,S);Mov(C,200,S)
