SSC to fall then jump

22 sept. 2018

Sometimes I feel as though life is too easy and that I could easily make a fortune. Then I start to think of my life if I was a billionaire. I feel like I would not be satisfied by any materialistic entity. I fear that I would be bored with life, as though it was a game that I had won many times over. This is the philosophy that encourages people with a large monetary value to keep trading, even though they are set for life. They need the adrenaline. I have recently taken an interest in the Bollinger Bands indicator. It allows a trader to view the correlation between the buy and sell volume to the price of the stock. When the price is in an overbought zone, the stock tends to fall, when the price is in an oversold zone, the price tends to rise. SSC is mildly overbought, as seen on the chart. Because of this, it could rise a small amount (shown on the green line) or fall considerably (shown on the purple line). The good thing about the nature of bband is the fact that a price rarely stays in a certain zone for more than a few days. It makes a correction frequently. Overall, there is no trend that I can say will determine the future of SSC, but I know that there will be equal times of bearish and bullish markets.