I see the BB expansion that is taking place, and that it is taking place at the lower BB,during at time where the Stochs are highly oversold(nearly as oversold as it has been in the past 6 months).
Wouldn't this indicate a big move upwards?
On the 6 month chart I see resistance at $36.70.. And if the Q's breaks through $37.30 then their seems to be little resistance until $38.29.
stockcharts.com[d,a]daclyyay[dc][ph.02,.20!c60!d20,2!i!f][vc60][iLe5,10,1!Ll14!Lp15,5,5!La8,17,9!Lp5,3,3]&pref=G
I'm looking at the 6 months because I'm trying to determine the significance of the BB expansion. I have little experience with predicting how the BB contraction explodes.
If $37.29 doesn't break the BB's expansion may indicate a huge move downward, but at that rate the stochs would still be BIGTIME oversold.
This chart shows the short term lower Linear line being hit recently. And the stochs being WAY OVERSOLD.
139.142.147.218
Peace,
Gush. |
