VEGN Reversal trade
This reversal trade looks really strong based on three indicators
- We are finally braking out of a medium trend line that started on June 9th.
- Volume has been average overall but today (breakout day) saw higher than usual volume.
- hoping to see increased volume tomorrow and a continuation.
I can not find any news, so I am hopeful its just getting some attention now.
On the daily chart, the majority of purchasing took place at 12:21 pm followed by 1:52 pm
I wonder if this was the result of someone building a position.
Eitherway,
The other good indicator is that the markets are very bullish. The TSX set an all time high today! And us market and even china's are doing well.
The market conditions have encouraged me to open some positions, all of which are swing trades of course - I only do swing trading :)
My stop loss is at the .185 mark. I will admit I belt into this position earlier and my avg price is .20.
- We are finally braking out of a medium trend line that started on June 9th.
- Volume has been average overall but today (breakout day) saw higher than usual volume.
- hoping to see increased volume tomorrow and a continuation.
I can not find any news, so I am hopeful its just getting some attention now.
On the daily chart, the majority of purchasing took place at 12:21 pm followed by 1:52 pm
I wonder if this was the result of someone building a position.
Eitherway,
The other good indicator is that the markets are very bullish. The TSX set an all time high today! And us market and even china's are doing well.
The market conditions have encouraged me to open some positions, all of which are swing trades of course - I only do swing trading :)
My stop loss is at the .185 mark. I will admit I belt into this position earlier and my avg price is .20.
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