Mooers' Strategies: Buy Low & Sell High with Bollinger Bands

Hi, mooers! You have completed the second phase of the Technical Analysis Challenge. By now, you should be able to answer the following questions.

● How does the Bollinger Bands indicator work?
● How to determine entry and exit points with Bollinger Bands?
● What are the common combinations of Bollinger Bands and other indicators?

If you don't know the answers to these questions, don't worry. We've compiled the best posts and practices from experienced mooers. Scroll down to see what they have to say!

3 Key Points of Bollinger Bands

● How does the Bollinger Bands indicator work?
Bollinger Bands is a trading indicator used to help you determine entry and exit points for a trade. This indicator suggests overbought and oversold signals. More Details

● How to determine the entry and exit points with Bollinger Bands?
There are 6 classic Bollinger Bands patterns for you to spot the proper entry and exit moments in trade. Let's see if you can recognize them. More Details

● What are the common combinations of Bollinger Bands and other indicators?
Using only the Bollinger bands to trade is risky since the indicator focuses on price and volatility while ignoring other relevant information. Thus, it would help to use the indicator with others to see the big picture and reduce risks. More Details

Winner Announcement
It's time to reward our hard-working mooers! We've prepared stock cash coupons for the 2 featured-post winners who complete all 3 tasks. Thank you for sharing the high-quality and original posts with lines and charts. Your posts are popular among mooers!

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2. 88 Points:
Mooers who participate in more than 1 task and post with a minimum of 50 words & analytical charts will get 88 points each.

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Determining when to buy and sell a stock is the most challenging part of trading. Luckily, you've learned how to use the Bollinger Bands. We have more technical analysis lessons coming out. See you next time!

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