$STRK The daily MACD has formed a bearish crossover above the zero line.
While we're on the topic, let's talk about MACD.
A golden cross occurs when the DIF crosses above the DEA, while a death cross occurs when the DIF crosses below the DEA. The histogram bars correspondingly switch from negative to positive, or from positive to negative.
The details of MACD calculations vary slightly between charting tools. A crossover that appears before a candlestick closes may disappear by the time it closes, so crossovers confirmed after the candle closes are more reliable.
Reading indicators is easy; the hard part is sticking to the rules when emotions are running high.
While we're on the topic, let's talk about MACD.
A golden cross occurs when the DIF crosses above the DEA, while a death cross occurs when the DIF crosses below the DEA. The histogram bars correspondingly switch from negative to positive, or from positive to negative.
The details of MACD calculations vary slightly between charting tools. A crossover that appears before a candlestick closes may disappear by the time it closes, so crossovers confirmed after the candle closes are more reliable.
Reading indicators is easy; the hard part is sticking to the rules when emotions are running high.