Market-Watching Diary: $LYN ’s daily chart is above MA50 (0.02318).
Moving averages are famously a beat behind, much like my decision-making.
On a more serious note, the moving average’s own slope is worth watching: price moving above it while it’s still trending down is different from price crossing above it after it has flattened out.
Comparing multiple data points is more reliable than looking at just one, but no number of signals can provide a definite conclusion.
#LYN
Moving averages are famously a beat behind, much like my decision-making.
On a more serious note, the moving average’s own slope is worth watching: price moving above it while it’s still trending down is different from price crossing above it after it has flattened out.
Comparing multiple data points is more reliable than looking at just one, but no number of signals can provide a definite conclusion.
#LYN