NVDA
NVIDIA
-- 129.500 SMCI
Super Micro Computer
-- 51.094 TSLA
Tesla
-- 290.190 PLTR
Palantir
-- 88.455 BABA
Alibaba
-- 139.140 
This has turned into the perfect Bollinger band squeeze with no end in sight. I describe how Bollinger band squeeze works whenever a good one pops up. Not only are they interesting but can be MAGICAL
$KALA BIO (KALA.US)$ because I’ve been too focused on too many positions, I did not even give this chart a strong, strong look. After quickly seeing it is in a perfect Bollinger band squeeze, I’m in...
like I’ve mentioned before, please remember a Bollinger band squeeze has nothing to do with “squeezing” short interest or anything like that… It’s simply a trading strategy in which you bring the lower Bollinger band and Keltner channel lines into a negative value while at same time the current price level is up and above the top, Bollinger band and Keltner channel line.
When the price sits above both of those two lines, it will have absolutely no resistance with this why it moves around flipping in price, like you have been observing. additionally thr top lines are now actually used as a level of support
Until the price level current cost is below any of those, this stock could quite literally go anywhere. The absolute ultimate prize of a Bollinger band squeeze, is getting the price level above those lines on the WEEKLY scale. If you can get the Bollinger band squeeze on weekly scale, magical things can happen like GME Jan 2021, AMC, etc., etc. All of the biggest short squeezes you have ever witnessed were most likely part of a Bollinger band squeeze additionally.
how do you can see in this picture, the real resistance is $43.25, the value of the lower Keltner channel line on the monthly scale .
Because the stock has been on a long downhill trajectory, it has actually been stuck below the lower counter channel line on the monthly scale. When the monthly or weekly candles are below a lower Bollinger band and or calendar channel line, it can act as a strong resistance with him pretty much guide the price right down. This is exactly why a Bollinger band squeeze works on the way up, the price action is literally squeezed into a channel of its own until it can be brought back into the lines. With the week and month changing on the next training day, if this stock can get high enough in the after hours or pre-market on Tuesday morning, there is a good chance it can rise above the weekly and possibly even monthly scale lines. it is at that point you have yourself another chance at a GameStop 2.0
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jimmy the trader : Well played you were right the other day
RIPPER OP jimmy the trader : About which?
Chris.Chisolm : Ty I appreciate your knowledge that you share
71206875 : Now you're talking! We just got to push past the resistance at $41. Power Hour coming up!
Swing Trade Swag : This has been a purely sentimental play, I'm not sure I would put to much weight on any technicals. It had good PR on FDA application approval in the AM on the 28th and was getting some attention then at 1PM an analyst put a price target of around $47 and it started to take off, hit $44 and although still very volatile starting to pull back. Might make for a good scalp trade today but be careful if looking to enter long or for a swing at this price.
Swing Trade Swag Swing Trade Swag : *tues not today