VGX has an important bottom support at $1.4 and $1.50. According to Wickoff, if it does not lose this zone, it will rise back to the $2.2 zone and break that zone to continue its strong rise in the near term. Therefore, buying VGX at this time has a relatively low risk ratio
ðRED PLAN
âŧïļCondition : If 1-Day closes ABOVE 1.4$ zone
ðīBuy : 1.5 - 1.4
ðīSell : 1.7 - 1.9 - 2.2
ðBLUE PLAN
âŧïļCondition : If 1-Day closes BELOW 1.4$ zone
ðĩSell : 1.4
ðĩBuy : 1.2
âDetails
ðRed Arrow : Main Direction as RED PLAN
ðBlue Arrow : Back-Up Direction as BLUE PLAN
ðĐGreen zone : Support zone as BUY section
ðĨRed zone : Resistance zone as SELL section