25/05/2013 22:11:52 Cookie Policy Free Membership Login

Golden cross and renaissance for Parity (PTY)

Parity Group Share Forum

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Creator Erogenous Jones Created 13 Jan 2006 Posts 11 Last Post 7 years ago
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There has been some speculation that Spearhead will make a bid for Parity following their acquisition of over 23% of the shares in PTY in recent weeks. This has pushed the price for PTY up considerably so that there is distinct chance that a Golden Cross is revelaed on the share chart.

For those who are unfamiliar with the term, a Golden Cross is formed when the 50day moving average crosses through the 200 day Moving average AND both moving averages are rising. Technical analysts believe this is a very bullish sign, but it does not guarantee that the share price will continue to rise.




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