Category Archives: Patterns and Formations

Red Hat Positioned For Volatile Upside

Red Hat (RHT) has broken above resistance in the $122 area and is making new highs. It resembles prior consolidation breakouts that followed similar periods of very narrow overall range. These compressed periods took the Bollinger bandwidth indicator to a very low reading. Periods of low volatility are often followed by high volatility. Chaikin money… Read More »