Squeeze on Vocus ahead of results
Updated
Keltner Channel withing Bollinger bands indicates share is being "Squeezed", with investors unsure which direction the stock is heading.
It is typical to expect a strong breakout (up or down) from a squeeze situation.
It is typical to expect a strong breakout (up or down) from a squeeze situation.
Note
We can now see it broke upwards. The squeeze was visible on the weekly chart before the results.The 2018 result saw a similar reaction, then the SP rose from $2.50 to $3.50, if this surge goes up a similar amount it would get to around the peak of the mid year results in Feb, prior to lockdowns.
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