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none of the technicals matter here, it's all on today. If we...

$Bed Bath & Beyond Inc(BBBY.US)$ none of the technicals matter here, it's all on today. If we push the price action to above 1.5, would start a chain reaction. It's all or nothing 🤪
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  • RIPPER : Not true….. maybe “technicals” don’t matter to you or I however ALL of this is very dependent on technicals…… well, as is any, and every stock, considering that’s how they move. Just to play Mr. teacher again hoping to shed some insight… in current scenario, the Bollinger Band and the price action surrounding is an indicator I would pay close attention to.  Bollinger band is technically just that, and indicator but I is also an integral mechanic that does help drive price action in certain directions because of all of the algorithms within.  

    Bollinger band can really help give me an estimation of when we can expect more worthwhile movement in the immediate future.   If you look at the four hour scale for example, you can tell that it’s going to scoot up a bit tears to me, as if it was up to end the next four hours scale candles, with an average of 1.13/1.14. This will do two things when specifically talking about the Bollinger band… It will allow the band to tighten up with both the upper and lower tightening inward as the price action sits about right smack in the middle. Whenever crossing the middle BB line into upper channel, (specifically here) on four hour scales, this is done best when done very subtly, almost like sneaking into the upper channel. The tightening of Bollinger band is another integral component in which creates upward breakouts to occur .

    Not only is the Bollinger band, one of the main mechanics in which creates price action thoughts in a few different ways, is used by the algorithms of high frequency trading. For example, when a stock moves into the upper channel of the Bollinge band it acts as a buy signal with a predetermined equation of buying happens when event occurs…. And vice versa.

  • RIPPER : Of course, there is a lot more to this, as each step is part of a larger picture. For example, the price action moving from lower Bollinger band channel into upper starts with the smallest time scale, from 1 min, to 3 min, 5 min,  10, 1-hour, eventually into four hour, which eventually falls into the daily scale which is the desired outcome… If the stock can make it into upper channel of weekly, and even monthly, even all the better, and would be on hell Of a run.

    Ahhh never mind too much to continue no time don’t have time to proofread. Hope I didn’t talk in circles.

  • RIPPER :

  • 102374353 : We ride or die my friends. It's been an honour fighting alongside all of you.

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