Bollingerbandsqueeze
PCJEWELLER: BB Squeeze Again!PCJEWELLER is again in narrow Bollinger Band squeeze which happens repeatedly with this stock (red arrows) and then it breaks out explosively up. RSI and volumes show nothing significant as of now. BB squeeze can lead to massive up or down break. Waiting if it will breakout again this time.
COLPAL Daily Chart analysis by 3 Parameter StrategyTrade Setup:
Enter at the opening price.
Avoid the stock if it opens with a gap-up of more than 2%.
Stoploss should be at the low of the signal candle. But the candle is big in size so we can place a stoploss below to sma20.
All 3 Parameters of the strategy are matched.
The bollinger bands are squeezed as compared to the previous structure.
The signal candle gives a breakout of the upper band of the signal candle.
Rsi is above 60.
Bullish crossover on Macd.
Conclusion:
Bullish