Oct. 9 at 5:28 PM
$NVX When the Golden Cross occurs, it is interpreted as:
• Bullish Confirmation: The recent, shorter-term momentum (50-day MA) is now strong enough to surpass the longer-term trend (200-day MA). This suggests that buyers have taken control and that a major shift in market sentiment, from bearish to bullish, is underway.
• Buy Signal: Many traders and analysts view it as a major buy signal, anticipating further price appreciation.
• Long-Term Support: Once the crossover happens, the longer-term moving average (the 200-day MA) is then expected to act as a major long-term support level for the stock or index.
