Posted On: 05/11/2014 7:25:58 PM
Post# of 2102
Bollinger Bands are pinching on the chart. Every time that happened, we had massive volume come in and move it to a new 52 week high.
Just look at the chart and see for your self.
Notice the high volume days as well.
"The Bollinger Band Squeeze occurs when volatility falls to low levels and the Bollinger Bands narrow. According to John Bollinger, periods of low volatility are often followed by periods of high volatility. Therefore, a volatility contraction or narrowing of the bands can foreshadow a significant advance or decline. Once the squeeze play is on, a subsequent band break signal sthe start of a new move. A new advance starts with a squeeze and subsequent break above the upper band. A new decline starts with a squeeze and subsequent break below the lower band. "
http://stockcharts.com/help/doku.php?id=chart...band_squee
Just look at the chart and see for your self.
Notice the high volume days as well.
"The Bollinger Band Squeeze occurs when volatility falls to low levels and the Bollinger Bands narrow. According to John Bollinger, periods of low volatility are often followed by periods of high volatility. Therefore, a volatility contraction or narrowing of the bands can foreshadow a significant advance or decline. Once the squeeze play is on, a subsequent band break signal sthe start of a new move. A new advance starts with a squeeze and subsequent break above the upper band. A new decline starts with a squeeze and subsequent break below the lower band. "
http://stockcharts.com/help/doku.php?id=chart...band_squee
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