Breaking a 5.6-Year Resistance with Bollinger Bands Expansion
מעודכן
✅The stock has been facing a 5.6-year old resistance trendline, which it has now successfully broken. Breaking such a long-standing resistance indicates a significant shift in market sentiment, paving the way for a potential long-term uptrend.
✅The stock has also broken out above the upper Bollinger Band, which typically signals the start of a new bullish phase. A Bollinger Band breakout suggests that volatility is expanding, often leading to strong directional moves.
✅The breakout is accompanied by a substantial increase in volume, which is essential for confirming the strength of the move. Higher volume on a breakout from a long-term resistance level adds credibility to the price action and suggests that the move is backed by institutional
✅The stock has also broken out above the upper Bollinger Band, which typically signals the start of a new bullish phase. A Bollinger Band breakout suggests that volatility is expanding, often leading to strong directional moves.
✅The breakout is accompanied by a substantial increase in volume, which is essential for confirming the strength of the move. Higher volume on a breakout from a long-term resistance level adds credibility to the price action and suggests that the move is backed by institutional
עסקה פעילה
Join our community in telegram for real time updates --- telegram.me/marketiik
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.