The Last Golden Cross- Silverado Like the Phoenix Rising from the Ashes
in response to
by
posted on
Oct 25, 2010 08:06PM
The last major "Golden Cross" Happened today, opening a fresh new chapter to history, signaling to the professional investors that Silverado Like the Phoenix that has Risen from the Ashes (NI43-101 reports) is now open for business. $$ Ka-Ching Ka-Ching $$
Silverado Daily Chart Link- http://www.freeimagehosting.net/uploads/7902e9d363.jpg
Quick review, there have been four "Golden Crosses" that have occured on the daily chart since the first week of Sept. with today's closing @ .0052 the last major crossing occured with the 50MA @ .005 and the 200MA @ .0049 to reverse all the damage the shorts have done turning the chart completely right sideup open for business. The first "Golden Cross" occured when the 20MA crossed above the 50MA that wittnessed the share price move quickly to .0085 and that was followed by the 20MA quickly crossing above the 200MA and now the last "Golden Cross" occured today with the 50MA crossing above the 200 MA
A major convergance is happening on the dialy chart, the 20MA and the 50MA and the 200MA and the share price are all clustered near and around the .005 area of the chart. The trading volume for the past four days in a row shows more buyers than sellers.
The Moving Average Convergance/Divergance (MACD) indicator shows that the upside down (divergance) blue pyramid is almost complete and should begin to form the right sideup part of the (convergance) blue pyramid that is all apart of the MACD cylce.
Thr Releative Strength Indicator (RSI) is @ 50.36 neutral, reflecting plenty of room for the stock to advance before reaching the over bought threshold @ 70
Do you think those now shorting Silverado stock would have something to be concerned about? you betcha !!
BBS