If there is a better reddit for this question, please let me know. The purpose of this question is to identify stocks I should investigate further.
I know research (probably lots) has been done on this. But I can’t find it. Is there a formula along the lines of:
When a Golden Cross occurs, if the 50 day EMA has increased A% over the last B trading days, then the price will go up between C% & D% over the next E days – and past performance shows that this is accurate F% of the time?
Granted it doesn't always work this way. If it did, we would all be very rich. But I think it's a good filter to find stocks that are likely to rise over the next couple of days.
So… is there any research that has done the statistical analysis to give the likely growth?
thanks – dave
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