A nice simple post here.
As you can see, in Late January, the 5 main SMA ( Simple Moving Averages) finaly got into sequential order Under PA
This is a sign that PA is bullish.
As you can see, in September 202, this happened and PA began its rise after a sharp drop just before hand.
It is a bit different this time in that we have dropped AFTER that SMA order was made.
But it is still a Good sign
HOWEVER - what is important to note, is how PA has fallen below that 21 and we are currently hitting off the 50, searching for Support again.
I remain BULLISH and I am sure that within a few weeks, we shall move back over that 21.
From were the SMA went into order in 2020, it took about 6 months to reach the first ATH in 2021
PA is rising Much slower than in that cycle but If that repeats, we can see a New Real ATH around July / August
I would say that is too early to be honest and so I expect larter. As I said, PA is rising slower this time around.
But, anyway, Good News that the SMA have remained in order so far...
Something to look forward to
As you can see, in Late January, the 5 main SMA ( Simple Moving Averages) finaly got into sequential order Under PA
This is a sign that PA is bullish.
As you can see, in September 202, this happened and PA began its rise after a sharp drop just before hand.
It is a bit different this time in that we have dropped AFTER that SMA order was made.
But it is still a Good sign
HOWEVER - what is important to note, is how PA has fallen below that 21 and we are currently hitting off the 50, searching for Support again.
I remain BULLISH and I am sure that within a few weeks, we shall move back over that 21.
From were the SMA went into order in 2020, it took about 6 months to reach the first ATH in 2021
PA is rising Much slower than in that cycle but If that repeats, we can see a New Real ATH around July / August
I would say that is too early to be honest and so I expect larter. As I said, PA is rising slower this time around.
But, anyway, Good News that the SMA have remained in order so far...
Something to look forward to
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.