Scancell Holdings: A Golden Cross Has Just Occurred
By
Azeez Mustapha
PUBLISHED:
Aug 23 2017 @ 21:32
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More info about Azeez Mustapha
Breaking news! A Golden Cross has just occurred on Scancell Holdings shares (LSE:SCLP). It happened forcefully this week, and that has heralded the end of the recent bearishness in the market, as bullishness has occurred.
4 EMAs are used for the analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart.
All the EMAs were preciously trending downwards, owing to the bearish trend that was seen in the last several months. The forceful and violent bullish breakout we have just witnessed has pushed price above the EMA 200. A Golden Cross has occurred. Bulls now reign.
The EMAs 10, 20 and 50 would soon start going upwards as Scancell Holdings continue going upwards, reaching the supply levels at 17.00, 19.00 and 20.00 within the next several weeks.
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