To answer your question re BB's I'll offer the following.
Yes, if using the system, Friday printed an entry signal as the candle closed nicely above the median line on solid volume. As expressed on Friday, a concern I have is how close the upper bollie is as the range is very tight therefore come Mon/Tue there needs to be a sharp left hand turn by the upper bollie or 6 cents might become a level of angst. For the upper bollie not to respond at all after 3 sessions of higher closes is far from bullish. So it became a nervous weekend hold and I'm sure many will be watching closely Mon morning for any weakness.
But certainly Friday was the day to stop sitting on your hands and finally give it some attention IMO.
Here's how the 30min/hourly played out late last week to back up the move. Just beautiful.
But yes trade the trade that's in front of you and take what's on offer but here's the important one for long holders IMO. The weekly has so much work to do to turn bullish and the BB's in combination with MACD has been very accurate. You can see the entry and exit signals (circled) which are both just prior to major moves which is important. Need to see that cross happen again before longs can become confident of a reversal IMO.
So is this just a spike to test out demand? I really can't honestly answer that but I'll certainly respond to it going either way as I'm not confident at all. Plus there are a smorgasbord of BIO opportunities currently with funds flowing into so whether IMU gets some of the market share is yet to be seen. Hope so.
Cheers
