Anything graphite based, CCB, Zen and hopefully much more. Message Board

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Gold/Mining/Energy : Anything graphite based, CCB, Zen and hopefully much more.

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To: the Chief who wrote (2301)	4/12/2021 8:16:50 PM
From: stuffbug	Read Replies (3) of 2618

I built an algorithm that calculates a theoretical trading range (95% confidence) based on trends. The intermediate time frame incorporates 3 months of data, using daily bars. On Feb 18th, the model signaled the start of a bearish trend. Bottom of the range is currently usd $1.14 (approx $1.43) and declining. I expect the lower band to be tagged as almost always occurs during strong bear moves. On the occasions when the lower band is not hit, it is because the stock price and the bands are declining at a consistent rate (e.g. 2017, when the ZEN share price was cut in between late July and late Nov). Shorter term the stock is due for a pop because the lower band was touched today on the 30 minute chart. Similar to March 25th and April 5th.

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