Friday, May 20, 2011 12:34:58 AM
Chart discussion: I have been trying to figure out on charts what happens when the Bollinger Bands indicate when they meet and turn into a single line. We know we must look at other indicators to help. On this chart below (been trying to get feedback on CBJG chart with little result).
Ok so serious discussion. Now, look at the 1 year chart below for CBJG. Do you see the accumulation line in correlation with the downward trend in PPS? I have read that when the accumulation goes up, and the PPS trends down over a long period is a very bullish indicator for a large reversal (outbreak).
Take that indicator, then pair it with the Bollinger Bands which have no constricted and tightened into touching each other. I have read that Kelter Channels should be looked at with BB, but I have not read up as much on Kelter just yet.
RSI: The RSI is a little on the higher end...so how does that play into the picture?
MACD: Not sure of what to read on this MACD, it jumped into positve territory and looks like its just taking a breather for a bit and nothing showing me one way or the other.
Moving Average: The 50MA is not far from crossing MA200
I believe this stock could be a good chart play and have felt as such over time. Its just a matter of when the volume comes in. The stock will from time to time see jumps in volume, but the TA on the charts were NEVER as good as they are now.
What does this chart tell you in general? Mostly id like to hear back on the Bollinger Bands and the accumulation. Notice the PPS has begun a slow reversal...almost as if to stay under the radar.
Ok so serious discussion. Now, look at the 1 year chart below for CBJG. Do you see the accumulation line in correlation with the downward trend in PPS? I have read that when the accumulation goes up, and the PPS trends down over a long period is a very bullish indicator for a large reversal (outbreak).
Take that indicator, then pair it with the Bollinger Bands which have no constricted and tightened into touching each other. I have read that Kelter Channels should be looked at with BB, but I have not read up as much on Kelter just yet.
RSI: The RSI is a little on the higher end...so how does that play into the picture?
MACD: Not sure of what to read on this MACD, it jumped into positve territory and looks like its just taking a breather for a bit and nothing showing me one way or the other.
Moving Average: The 50MA is not far from crossing MA200
I believe this stock could be a good chart play and have felt as such over time. Its just a matter of when the volume comes in. The stock will from time to time see jumps in volume, but the TA on the charts were NEVER as good as they are now.
What does this chart tell you in general? Mostly id like to hear back on the Bollinger Bands and the accumulation. Notice the PPS has begun a slow reversal...almost as if to stay under the radar.
U.S. Prime Beef
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
