Tesla is going to the Moon

A golden cross has just happened on Tesla.

What is a golden cross? 

A Golden Cross is a bullish technical analysis pattern that occurs when a short-term moving average crosses above a long-term moving average. Specifically, it refers to the 50-day moving average crossing above the 200-day moving average. This event is seen as a positive signal by some traders and investors, suggesting a potential upward momentum and a shift in the overall trend from bearish to bullish.

The Golden Cross is considered significant because it reflects a change in the relationship between short-term and long-term price trends. The shorter-term moving average moving above the longer-term moving average indicates that recent price movements have gained strength and are exceeding the longer-term average.

Traders and investors may interpret the Golden Cross as a signal to enter or add to long positions, indicating a possible uptrend and potential buying opportunities. However, it's important to note that no single indicator or pattern guarantees future price movements, and it's advisable to use the Golden Cross in conjunction with other technical analysis tools and confirmations.

It's also worth mentioning that the Golden Cross is just one example of a moving average crossover, and different moving average combinations can be used based on an individual's trading strategy or preferences.

This is Super golden cross. 

Golden crosses are triggered when a short-term moving average (MA) crosses above a long-term moving average. Typically, for this analysis, investors use the 50-day and 200-day moving averages. Therefore, the typical golden cross signal is triggered when the 50-day crosses above the 200-day MA.

Usually, it’s bullish.

The operative word there is “usually.”

Golden crosses are usually bullish. They aren’t always bullish.

Since 1950, the S&P 500 has experienced 36 different golden crosses. About 80% of the time, stocks are higher a year later, with an average return of about 10%.

Source: Carson

Those are good odds. But they’re not 100%.

When we look at golden cross signals that happened more than 10% off all time highs, the odds look better. That has happened 16 times since 1950. In 15 of those 16 instances (94% of the time), stocks were higher a year later, with an average return of 16%.

Source: Carson

Those are great odds. But… 94% is not 100%.

The Super Golden Cross is my modified version of the standard golden cross signal, and it’s infallible. It isn’t 80% or 90% accurate. Going back to 1950, it has a 100% accuracy of predicting bear market endings and bull market beginnings.

It is triggered only when a convincing golden cross happens after a long bear market. Specifically, the Super Golden Cross is triggered only when the 50-day crosses above the 200-day MA and stays above it for at least three days, after spending at least nine months below it.

Between 1950 and 2022, this Super Golden Cross signal was triggered only eight times.

All eight times, it marked the end of a bear market and the beginning of a new bull market.

Every single time. No false signals. 100% accuracy. And average peak returns a year later were huge, on the order of nearly 25%!

Source: InvestorPlace

Bottomline:

Irregardless, technical analysis is just a guide for investors to make decisions. They are not Meant for prediction in nature as they are lagging indicators

Source:  https://www.nasdaq.com/articles/the-super-golden-cross-stock-indicator-is-infallible