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MACD stays below centerline but is moving in uptrend with possibility to crosses above centerline. A bullish centerline crossover occurs when MACD moves above the zero line and into positive territory. This is a clear indication that momentum has changed from negative to positive, or from bearish to bullish. After a positive divergence and bullish moving average crossover, the centerline crossover can act as a confirmation signal.
Caution to be taken when applying this strategy:
1. It is suggested to wait and hold until the MACD line crosses above centerline to reinforcement the bullish signal.
2. Never use a technical signal alone without other indicators. MACD is a powerful indicators, but it should be applied together with other indicators, chart reading, fundamental strength and trendlines.