GREY:ISOLF - Post by User
Post by
Ace2018on Jan 07, 2019 8:06pm
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Post# 29197816
Bollinger Bands
Bollinger BandsIf I'm right, by charting the bollinger bands for Isogiol I see three market indications: The bands have remained narrow for a little over a week ( 20 days is the ususal measurement time) which indicates less volitity, or huge price swings - as the day's high price and closing price remain within the banded area.
If this "bandwidth" remains narrow for the next week, the bollinger theory says it is an market indicator of imminennt stock movement - it doesn't specify if that movement will be up or down.
Bollinger charting the last 14 days makes me believe we're looking at an upward SP trend. I can see the band stretching from a low 1.70 to a high 1.90 over the next few days.