CU6 0.28% $7.08 clarity pharmaceuticals ltd

Hi HingdogNot trying to change your mind, just wanted to share...

  1. 53 Posts.
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    Hi Hingdog
    Not trying to change your mind, just wanted to share what I see regarding BB.

    https://hotcopper.com.au/data/attachments/6525/6525436-6c44646bde9390d530204c0f5e1cddff.jpg
    This is the daily. When price jumps out of the bands, it tends to revert back to their mean.
    It can then use the mean as it's support to continue the uptrend - or it can fall through it's mean and make it's journey to the other side of the bands as it is doing now. I dont think tagging the bottom band now is enough to use it as support. Mostly because along with other indicators, it looks like we're heading for that 75% extension $6.655.

    https://hotcopper.com.au/data/attachments/6525/6525518-6f8735fd80fcb869280c10e5fdbb66fd.jpg
    This is the weekly chart.
    This helps us look at the bigger picture and try keep our emotions in check.
    Looking at the weekly we see that in fact the bars pierced the upper band for 3 weeks and turned down. We're yet to tag the weekly mean - for what it's worth.

    I'm not saying to buy and sell based off the BB, but they really are a marvellous tool to use in conjunction with other indicators.

    Good luck all


 
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