I see all these charties come out ...... well AFTER the breakout .....to be useful you need to know BEFORE ......NOW i DON'T USUALLY DO THE "i TOLD YOU SO " but here is a post from 25th of AUGUST which no-one at all appreciated at the time .....
"interested to see the Bollingers still narrowing
not much of a chartie but do keep an eye on things a bit and seems about 9c gap betwee the bolls with the best (12 month) previous back in October about 12c
this is supposed to indicate a significant movement - but not direction
MACD has slipped into a +ve indication with RSI showing neither oversold nor overbought
could be because the GP has been so stable lately
posible that RMS is some sort of proxy for gold
or maybe it doesn't mean much at all
I probably shouldn't be posting stuff I know so little about but has worked for me a few times previously ( mainly woth speccies) ....DYOR of course !"
https://hotcopper.com.au/threads/running-discussion.7315725/page-33?post_id=69549697
I did follow up on that as it became obvious several times in the days and weeks following .
Bollingers ARE worth watching .
Presently top Boll at $1.61 .
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