RAC - Charts & Price Action, page-5173

Looking good Wombat777 still within the channel.

Well that was a short squeeze with the lower Bollinger band now outside the Keltner Channel and volatility has increased further.The market today found support at around $3.00. Another great day for accumulation the question now is, have we found a bottom? There is still room for further movement over the short term for it to settle lower. Longer term it will move back into the Keltner Channel and start to reduce volatility as a new squeeze will begin to take shape.

Enjoy the buying as always it will not last.

All the best

FireflyOne
The writer's opinions are his own and do not constitute financial advice in any ways.Nothing here constitutes an investment recommendation nor should anything written here or published by myself be relied upon for any investment activities.I strongly recommend that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.