How to Trade Stocks for Beginners, Technical Analysis Tutorial part 2 out of 2
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Well the main point of Bollinger Bands is to lookout for retracement, so if stock is outside of 2 bands it will probably come back within its range. However Bands adjust for momentum very quickly, and sometimes just staying at same price will get you within proper range, so I do not really put a lot of emphasis on it. But I would be hesitant to buy/sell if they are outside of range
ZmeY0 4 months ago