-
Share
982 Posts.
25
05/01/18
09:37
Share
W3H, I also watch the upper Bollinger Bands for signs of an overstretched bungee.
I've found that BBs have not given me much guidance over recent weeks with blockchain specs.
Since 20.Dec when price closed at 11c well above the the 20-day BB on the OOK daily, there have been 9 trading days.
Green candles closed on successive days above the upper BB on 21.Dec, 28.Dec and 29.Dec where the close was 14c. Since then, price has not sold down.
The issue for me is whether OOK profit takers want to recycle some capital over to CHP.
Capital likes to find homes where it is well-treated.
-