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Hi guys,
it's been a fascintating day on the markets!
I've been doing my end of day research and notice that PTI has been trading in a very narrow trading range. Moreover the bollinger bands are getting very tight ready for a move.
The only question is up or down?
My guess is that the move will be up - the reason is that the downward candle shadows would indicate that the mm's are trying to shake the tree before moving on up.
Any opinions?
it's been a fascintating day on the markets!
I've been doing my end of day research and notice that PTI has been trading in a very narrow trading range. Moreover the bollinger bands are getting very tight ready for a move.
The only question is up or down?
My guess is that the move will be up - the reason is that the downward candle shadows would indicate that the mm's are trying to shake the tree before moving on up.
Any opinions?
