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jawm42
Aug 21, 2019 4:12 AM

Bollinger band bounce pattern Long

American Tower Corporation (REIT)NYSE

Description

After AMT reaches the lower Bollinger band, there is usually an average price increase of 16% over the course of 40-60 days. Currently, we are about halfway through this growth period at a 10% increase from the last point where AMT last dipped. Either wait for the next dip to buy or buy now and sell at 6% profit. Long term however, AMT is a good buy regardless of short term price action.

Trade closed: target reached

Hit 16% target
4/9/19 - Close position

Watch for bounce off the lower Bollinger.
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