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Strategies & Market Trends : Stochastics -- Ignore unavailable to you. Want to Upgrade?


To: current trend who wrote (485)4/12/1998 7:58:00 PM
From: Wayners  Read Replies (1) | Respond to of 927
 
On TRBDF the trend is up and the bollinger bands are just starting to open up after being quite narrow. The close on Thursday was slightly above resistance. I'd expect it to go at least to about $5.50 which is the next resistance level. Stochastics are not yet indicating a top. If you look at just the slope of bollinger band width it becomes clear that the volatility is increasing and is not anywhere near peaked indicating much more upside on this one.