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Bollinger Bands

Rakesh Bhaskar

03/01/2018 0 0

Bollinger Bands:

A band plotted two standard deviations away from a 21 Day moving average.
The Band widens during volatile markets and contract during consolidation Phase.
The nearer the prices travel to the upper band, the more overbought the market/security.
The nearer the prices progress to the lower band, the more oversold the market/security.

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