To understand my statement better, just draw 3 lines in envelope form. The top and bottom band lines in envelope shape and draw the middle band between the top and bottom lines. Now cross (x) the price on the middle band line. If you mark a 'x' below the middle line, then its negative, if mark 'x' on top of the middle line , its positive position. Price can only be in between the top and bottom Bollinger band. The determining factor is whether the price is sitting above or below the middle band.
ARANK, Bollinger band expanded +14% and bodes well for this stock. Hopefully DJIA don't tank too big tonight. Normal atmosphere will move d price higher.
now dow jones down more than 200 points or 1.2%....hope it can recoup the losses in the next few hours.....don't bring the negative sentiment to klse tmr....
I disposed 50% of my holding yesterday. Wait 4 their report b4 further action. My guess d price will not dive today even though DJIA really tank last night.
Now we can really see those resilient stock standing high after this morning's onslaught. IFCA and Ideal seems to be strong. I started to collect Ideal as d chart indicators is still low, while IFCA is at high level.
LB is on the uptrend now albeit very slowly until their co. announcement is out, could be very soon. Arank still sideways trading in the trend chart. Once breakout 69sen, it is likely to become aggressive. You can plan ur entry, maybe reserving some if price slacken to enter again at lower price.
TP ????? all time high = 81 NTA = 1.04 ........now 76.....u figure it out........lazy counter....too slow and too steady.....i dont fancy it ...trading within 70 ties range for sooooo long. they shhd be min 80 to 1.00 .but who am i to judge them......geram !!!!!
LB is loitering around waiting to issue their expansion report. There is nothing much we can do with this situation except by waiting or dumping for other stocks. Chart wise, its ready to move up.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
qwerty
977 posts
Posted by qwerty > 2014-07-31 22:05 | Report Abuse
If d price is sitting below the middle band during maximum Bollinger band contraction, when d band expand, price will sink.