This stock is in a clear trend and even 2 months ago broke a resistance level above 40.00 with a overnight gap that was filled completely
and the gap is now working like a support (look the daily chart)
https://www.tradingview.com/chart/VEIBUXco/
Now there are a price consolidation above the 40.00 level, wait a pullback for a better entry price. This kind of idea need to be watched daily to pull the trigger in the best moment
From my point of view the price need more weeks for consolidate in my case I need that the price come close to the red line of my moving averages, the decision for entry is not based in a mechanical signal given by an oscillator the entry is manual based in price action for example a retracement around 41.10 or with limit orders or whatever that use the trader who follow the idea.
and the gap is now working like a support (look the daily chart)
https://www.tradingview.com/chart/VEIBUXco/
Now there are a price consolidation above the 40.00 level, wait a pullback for a better entry price. This kind of idea need to be watched daily to pull the trigger in the best moment
From my point of view the price need more weeks for consolidate in my case I need that the price come close to the red line of my moving averages, the decision for entry is not based in a mechanical signal given by an oscillator the entry is manual based in price action for example a retracement around 41.10 or with limit orders or whatever that use the trader who follow the idea.