CBZ 0.00% 5.2¢ cbio limited

Heres an attempt to read the Volatility Indicators (being the...

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    Heres an attempt to read the Volatility Indicators (being the daily price spread)....
    Its at the risk of having relatively low volumes for technical confirmations.....
    Never the less the Bollinger Band volatility readings back test quite well imo, With the only failure being on the false breakout on 20/05 when It failed to continue a new Long trend.
    Interestingly enough the Stochastic momentum had narrowed due to the reducing volumes on that day...

    Heres todays continuing Bollinger Band trend break so far today..... .615c is the current resistance level to break
    as You can currently see the on screen Sell depth is starting to build toward this level....Back to The FA court for some incentive?



    With Bollinger
    Sharp price changes tend to occur after the bands tighten, as volatility lessens.
    When prices move outside the bands, a continuation of the trend is implied.
    Bottoms/tops made outside the bands followed by bottoms/tops made inside the bands call for reversals in the trend.
    A move that originates at one band tends to go all the way to the other band. This observation is useful when projecting price targets.
 
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