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Harvest One Cannabis Inc
(TSXV: HVT)
Note OTC: HRVOF is used on the chart - same company.
Harvest One (HVT) describes themselves as a global cannabis company focused on delivering high-quality, innovative cannabis products and technology to regulated markets around the world. Harvest One has recently entered into definitive agreements to complete the acquisition of all the outstanding shares of Dream Water Products Canada Inc. While this may be interesting to you, I am not here to explain the details of this agreement or what is going on inside of the company. Today we are going to re-explore Bollinger Bands which we have previously discussed, but slightly differently
Today we will learn how you can incorporate using the Bollinger band width indicator with your charts. The Bollinger band width indicator is derived from Bollinger bands. Whereas Bollinger bands themselves are plotted on the chart to give you an idea of where the price action lays, the Bollinger band width indicator is on its own and simply conveys the width of the bands from the top and the bottom. What does this tell us?
That is a great question. In short, the higher the width, the higher the volatility. Conversely, the lower the width, the
lower the volatility. This can come in hand when you are purposely trying to identify stocks that are not too volatile,
or perhaps you prefer the volatility (you pesky Devil you). Regardless, chances are the volatility will eventually pick up. When it does this will be reflected in the Bollinger band width
rising and can be referred to as a squeeze. When it begins to rise this does not mean that the share price will go up or down specifically. You will need to follow the share price and can identify bullish or bearish movements by using the Bollinger band overlay to see if it has entered the upper or lower band. If share prices are going up along with the volatility then that is something you might want to be in for the ride. Watching volatility creep back in and observing the price direction can be an aide in your charting tool belt.