BBOZ breakout dueI applied Bollinger bands to this monthly chart of
BBOZ and you can see for the last 12 months,
the bands have been narrowing. This is a classic signal
that the price has stabilised and due for a breakout.
Now the question is ... in which direction?
Lets take a look at the macro...
Every mf as
Key stats
About BETA SBEAR DEF SET
ISIN
AU0000331571
BetaShares Australian Equities Strong Bear Hedge Fund engages as a managed investment fund. It uses an active investment strategy that aims to help investor profit from, or protect against, a declining Australian share market. The company is headquartered in Sydney, Australia.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash92.00%
Mutual fund8.00%
BBOZ getting boozed-upWith markets only recently turning kaput, and the "crisis" looking inevitable, I am long on BBOZ. This ETF is not for the faint hearted and has significant bleed, but more the risk, more the reward.
At a broader perspective, I am looking for at least a 100% upside from the bottom, which I feel was
bollingers bands and BBOZ2WEEK chart shows
bollinger bands narrowing in a small range.
this typically signals a breakout is about to happen,.
I expect BBOZ to move sidways in this narrow band
range for some time.
but when the XJO crashes.. expect BBOZ to break
strongly to upside.
BBOZ still clealy in a bear market as the RB
BBOZ @ supportdaily chart formation is looking good.
price is holding @ support and an inv.
h +S pattern could appear soon.
fortnightly chart looks as though buying support
has come into play in the last couple of monmths.
RBA might change direction and hit the brakes
on its free money policy. Petrol is already b
BBOZ Still slidingThis weekly chart shows the ASX200 is still on it's way up in the longer term. When you switch it to the daily BBOZ will likely go up meaning the
ASX GOING DOWN.
If prices reject $7.95-$8.11 than more likely keep going down, ASX UP
Weekly: Bearish points!
The Candles are riding the Bollinger band
BBOZ about to explodeWe are about to have a big drop in the Stockmarket. Anytime now.
The Bollinger band squeeze cannot get any tighter really and the price is sitting on the midline acting as support.
Once we get into the upper Linear Regression (blue) than it will be eminent. We are already there on the daily.
sh
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