$AKE The daily chart shows a MACD bullish crossover below the zero line.
When assessing a MACD crossover, where it occurs matters more than the crossover itself. A bullish crossover below the zero line indicates that bearish momentum is weakening during a downtrend. It is a rebound signal, and is less reliable than a bullish crossover above the zero line. Only when the DIF returns above the zero line can the trend be considered to be strengthening.
The longer the time frame, the more weight the indicator signal carries.
Just use this as a reference—don't take it too seriously.
When assessing a MACD crossover, where it occurs matters more than the crossover itself. A bullish crossover below the zero line indicates that bearish momentum is weakening during a downtrend. It is a rebound signal, and is less reliable than a bullish crossover above the zero line. Only when the DIF returns above the zero line can the trend be considered to be strengthening.
The longer the time frame, the more weight the indicator signal carries.
Just use this as a reference—don't take it too seriously.
