SP, chartists, death stars etc...31 Dec 2019 12:54
Well I'll be jiggered! Just spent the last hour on the London stock exchange website looking at moving average charts for RMG. Seems that downbutnotout may have a point? The last time that the 50DMA crossed the 200DMA was on Friday 3rd of August 2018 when the SP was 462.5. After that the chart looks like the north face of the Eiger.
However the current chart looks like the 50DMA is now moving up through the 200DMA and that last happened on Friday 29th of December 2017 when the SP was 452.5 and went on to rise to 613.8 on Monday 14th of May 2018.
So, reading the tea leaves, we should be looking for a nice SP increase between now and Easter?