The daily chart for $RSR shows a MACD golden cross above the zero line.
When evaluating a MACD crossover, where it occurs matters more than whether it’s a golden cross or a death cross. A golden cross above the zero line generally appears as a pullback in an uptrend comes to an end. It is more indicative of trend continuation and somewhat more reliable than a golden cross below the zero line.
A single indicator can easily give false signals, so it’s more reliable to consider volume and price structure as well.
When evaluating a MACD crossover, where it occurs matters more than whether it’s a golden cross or a death cross. A golden cross above the zero line generally appears as a pullback in an uptrend comes to an end. It is more indicative of trend continuation and somewhat more reliable than a golden cross below the zero line.
A single indicator can easily give false signals, so it’s more reliable to consider volume and price structure as well.