For the last ten years, whenever the moving average 150 crossover the moving average 50, the long term downtrend lasted at least for a year before it rebounded. First time lasted a year from Rm3.00 to Rm0.50. Second time lasted two and half years from Rm2.25 to Rm1.50. Third time lasted 2 years from Rm 1.70 to Rm 1.20. However, in a few days time, the 150 MA is very likely to cross the 50 MA. Can I say that there's a very high possibility that the next downtrend would drop for at least 30% and last for at least a year once the crossover happens. Is there anyone with different opinion, mind to share it here?
Stock: [MRCB]: MALAYSIAN RESOURCES CORPORATION BERHAD
2017-07-03 01:31 | Report Abuse
For the last ten years, whenever the moving average 150 crossover the moving average 50, the long term downtrend lasted at least for a year before it rebounded. First time lasted a year from Rm3.00 to Rm0.50. Second time lasted two and half years from Rm2.25 to Rm1.50. Third time lasted 2 years from Rm 1.70 to Rm 1.20. However, in a few days time, the 150 MA is very likely to cross the 50 MA. Can I say that there's a very high possibility that the next downtrend would drop for at least 30% and last for at least a year once the crossover happens. Is there anyone with different opinion, mind to share it here?