Bollinger Bands are starting to squeeze up again...When this happens it suggests either a trend change or change of tempo of the existing trend. As PEB is trendless atm the Bollinger Bands are suggesting then will be a trend forming..
Will the future trend be up or down...We don't know for sure.
We can observe trading behaviour for clues such as insider trading..of course they will be amongst all the other traders both long term and short term, optimistic and pessimistic traders all smudging the overall trading results of the day...
Charting using momentum & money flows indicators etc can pick up the larger insider movements...
Below is the PEB chart with expanded indicators and less S&R lines drawn in..Although DMI is only a price behaviour indicator I have added it because its a fast enough indicator to pick up price changes however it won't react to slow stealth buying as it is not designed for that .... but its my favourite..
From the chart it shows RSI and the MACD have fired buy signals. Both indicators have momentum variables incorporated in them but as you can see the momentum indicator says its not the momentum causing the 2 buy signals ...The OBV is showing volume/price pressure is neutral...so these 2 buy signals must be from something else...maybe but not likely it could be stealth buying the disciplinced buying of just enough shares as to not cause a change in price hence trying to stay unnoticed long enough to complete their slow accumulation..
Its very possible it isn't stealth buying either..so the most likely behaviour that the indicators have picked up would be the low volume behaviour of small fussy buyers and sellers wanting their price and both not in a hurry to buy/sell.
Anyway time will tell which way PEB will go after this trendless period....
Note:..Normally with volatile stocks the outcome from squeezed Bollinger Bands isn't very long......but looking back on the chart history (July/August 2013) there was a period when PEB wasn't very volatile and the squeezed bands lasted 6 weeks...
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