Can the Bollinger band get any tighter? I too am expecting an upside on the earnings report. I may be wrong, but I feel that RD earnings will surprise to the upside. I am somewhat concerned over the low volume of RDS-A over the last few trading days. I would have guessed that the trading volume would be greater than what has take place.
I just assume everyone is holding for dividend, no seller of buyer has the upper hand. As for Bollinger band, if the volatility become less and less then band gets tighter unless good/bad news to make it break it up or down. In my opinion, IF RD would go down, it should have done long time ago when the earnings is not good. I'm with you that believe RD will break upward with good future outlook.