The speaker highlights MUFG as another example of a stock exhibiting a 'golden cross' where its 50-day SMA crossed above the 200-day SMA. This technical pattern signaled a significant upward move from approximately $5.80 to over $6.25 per share, suggesting continued potential for upside.
“one more example ticker symbol m-u-f-g take a look at this what we can see right here is we have a lot of indicator convergence right here as we've started out 2022 on the right-hand side of our screen but guess what our darker orange has crossed our lighter line right in here and guess what happened when it crossed right in there we have now gone from about five dollars and eighty cents per share up to over dollars and 25 cents per share that's a pretty substantial move in a very short period of time and guess what signaled that move that 50 sma crossing the 200 and just like that we're right back to the highs that we saw in september and october and that's a great indication that this may have more room to go to the upside”