VLEGOV starts a new rise No Overlap Reaches Q 1 RRG
Support and Resistance Levels: Resistance at 122 is currently holding; next resistance levels from Fibonacci extensions are at 128.5 (1.272 extension) and 135.3 (1.618 extension). Support levels remain at 112.7 and 107.5, key for maintaining the uptrend.
Upcoming Critical Levels: If price breaks above 122, watch for resistance at 128.5 and 135.3. On the downside, support at 112.7 and 107.5 remains critical for the trend.
Trend Analysis: The stock is in a strong uptrend with higher highs and higher lows. Fibonacci extensions suggest the trend may continue towards higher targets if resistance levels are breached.
Summary: Bullish above 122, targeting 128.5 and 135.3; bearish below 107.5. Monitor these Fibonacci extension levels for potential price action scenarios.