A Golden Cross Occurs on Caspian Sunrise

A Golden Cross has just occurred on Caspian Sunrise stock (LSE:CASP), and that could be the beginning of a long-term bullish journey as price goes further upwards.

4 EMAs are used for this 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.

The market had been trending downwards within the last several months, until late September 2017, when a significant bullish momentum started. Price has now gone above the EMA 200- causing a Golden Cross – while other EMAs are sloping upwards.

Other EMAs would also soon cross the EMA 200 to the upside, and this would make Caspian Sunrise assume a long-term bullish journey.

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