whitebeachlover-- that's pretty long to explain. to put it simply the bollinger bands consists of 3 bands...the middle being the simple moving average. the upper band and lower bands are standard deviation bands. the bollinger bands is an indicator of volatility wherein if the 3 bands are almost very close to each other, an impending movement is about to occur which could be up or down. In VPG's case, the failure to pierce 3.2 is an encouraging sign IMHO (DYOR). A "wide open" bollinger band would indicate that a previous move either up or down is about to reverse course. NGF (Norton gold) is a good example of a bollinger band that was "wide open" that signalled a correction was forthcoming and indeed it is in the process of doing so.
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whitebeachlover-- that's pretty long to explain. to put it...
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