Typical squeeze pattern.
It's been over 2 months and it's still ranging! Bollinger band is getting tighter. There will probably be a breakout soon(probably in a month).
A similar situation occurred in 2015 and it ended up breaking on the downside. So, get ready for a nice trend. It might breakout either way ,to be honest.
Note: Since this is a daily chart, always make sure that you "confirm" the breakout (atleast wait for a day or two). Look at what happened during the first week of January '17.
It's been over 2 months and it's still ranging! Bollinger band is getting tighter. There will probably be a breakout soon(probably in a month).
A similar situation occurred in 2015 and it ended up breaking on the downside. So, get ready for a nice trend. It might breakout either way ,to be honest.
Note: Since this is a daily chart, always make sure that you "confirm" the breakout (atleast wait for a day or two). Look at what happened during the first week of January '17.
Nota
After today's move I think we will see a break up on the upside but I am not really sure yet. I want a strong close before I can do anything
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.