50 SMA crosses 200 SMA #HXL

6 de dez. de 2020

In this chart I have outlined the point in which the 50 SMA is crossing the 200 SMA (to the upside) this usually indicates an uptrend. Using that to my advantage I have also found a gap fill in the chart that could be a short term trade. I would expect some sort of consolidation at around the gap fill area and should it therefore continue past the gap fill the next resistance is also shown.

I will be keeping an eye on this to use on my spreadbet account.