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Aug 3 at 04:13 AM
$KINGSOFT CLOUD(03896.HK) rose by more than four points, pushing the 9-day moving average above the 21-day moving average, with the price topping out at a high for the past 21 trading days.
$Teradyne(TER.US) also formed a golden cross, but its stock price basically didn't move, while $CloudFlare(NET.US) saw a slight drop yet still completed the moving average crossover—under the same technical signal, the price coordination of these three stocks is completely different. $KINGSOFT CLOUD(03896.HK) confirmed with synchronized volume and price, with turnover reaching 1.9 times the average volume; the other two belong to passive crossovers ground out by time, lacking volume backing.
The golden cross itself doesn't distinguish quality; whether volume supports it is what makes the difference.
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