GOZ - MACD Daily Histogram above 0 for 25 Consecutive DaysThe Growthpoint Properties Australia Ltd (ASX:GOZ) MACD Histogram (12, 26, 9) has just recorded 25 consecutive days above 0. Since 2007, this type of indicator persistence above 0 was usually the forerunner to some short-term upside.
The optimal 15-day average return, following GOZ's (12, 26, 9) MACD Daily Histogram above 0 for 25 consecutive days, was 2,55% with a win rate of 9 from 11, & standard deviation of 2.94%.
GOZ trade ideas
GOZ - Bullish Trade PlanMy trading Bias for GOZ is Bullish as it has clearly broken the Bearish Trendline with very High Volume.MACD has given a Bullish Cross and RSI has come out of the Oversold region. I am expecting a continuation to the upside, and expecting a potential 6-9% gain.
TP Zone ~ $3.30 - $3.45
Stoploss - $2.95
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
