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Dendreon Corporation Message Board

  • shehauntsme shehauntsme Sep 30, 2010 11:16 AM Flag

    Daily Chart BB : Signal Squeeze - Chartschool Good Read Link

    Usually, Bandwidth is considered low (narrow) when it is 5-10% of a security
    DNDN band width $2.47 - about 6% of pps - Low

    Touching either end of band on higher volume will
    signal squeeze start in that direction. volume
    is key...

    Signal - The Squeeze

    Bollinger BandWidth is best for identifying The Squeeze. This occurs when volatility falls to a very low level, as evidenced by the narrowing bands. The upper and lower bands are based on the standard deviation, which is a measure of volatility. Therefore, volatility contracts as the bands narrow. The bands narrow as price flattens or moves within a relatively narrow range. The theory is that periods of low volatility are followed by periods of high volatility. Relatively narrow BandWidth (a.k.a. the Squeeze) can foreshadow a significant advance or decline. After a Squeeze, a price surge and subsequent band break signal the start of a new move. A new advance starts with a Squeeze and subsequent break above the upper band. A new decline starts with a Squeeze and subsequent break below the lower band.

    http://stockcharts.com/help/doku.php?id=chart_school:technical_indicators:bollinger_band_width

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    • Note that the last two months, the band tightened
      prior month end, then expanded higher first few
      days of new month (fresh money). when bb narrow,
      pps drips in one direction to touch band edge,
      then jump real quick the other way. dndn touched
      bb bottom at 40.40 today. volume is drying and
      they are getting all sellers to sell. once done
      most likely it jumps quickly right back to band top.

      when they want to breakdown its the other way,
      slow drip to band top as band narrows, taking
      out all buyers then drop to band bottom.

      there are many reasons put forth to buy or sell
      dndn. the chart simply tells us what traders
      are doing...

    • Great TA , its really nice how you explain....keep'em coming....thanks, kittie

    • BB top 42.85, BB bottom 40.40 - let the market/volume tell you which we go next.

 
DNDN
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