The last time the Netflix chart formed a ‘golden cross,’ it rallied 95 percent
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“This stock already took a little bit of a breather last month and now it’s starting to rally again,” Maley said Tuesday on CNBC’s “Trading Nation. ” “The key that’s really going on right now is the stock is seeing a golden cross with its 50-day moving average moving above its 200-day moving average.”
The bullish golden cross forms when a shorter-term moving average crosses above a longer term. It signals the reversal of a downtrend. A golden cross formed March 11 on Netflix’s charts.
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https://www.cnbc.com/2019/03/20/the-last...yptr=yahoo
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“This stock already took a little bit of a breather last month and now it’s starting to rally again,” Maley said Tuesday on CNBC’s “Trading Nation. ” “The key that’s really going on right now is the stock is seeing a golden cross with its 50-day moving average moving above its 200-day moving average.”
The bullish golden cross forms when a shorter-term moving average crosses above a longer term. It signals the reversal of a downtrend. A golden cross formed March 11 on Netflix’s charts.
...
https://www.cnbc.com/2019/03/20/the-last...yptr=yahoo
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