VBIV popped 50 % to begin July and then promptly lost 75% and has been low volume and
sideways since. I have not been able to discern any catalyst for that action. Earnings show
an ongoing cash burn. In the past couple of days, the Price Volume Trend indicator has
detected a small increase in the price volume product. The Relative Trend Index (RTI) indicator
has gone from negative to positive on July 18th while the dual time frame RSI indicator
showing 1 hour TF in blue and daily TF in black has shown bullish divergence with the lines
rising over the 50 level and the blue line above the black line. Price crossed a VWAP band line
on July 18th as well. The analysis supports a bullish bias and a set up for a long trade.
I will trade long and find an entry on a 15 - 30 minute chart looking for a pivot low
to take that position. I will target 2.25 and 3.00 for the time being.
sideways since. I have not been able to discern any catalyst for that action. Earnings show
an ongoing cash burn. In the past couple of days, the Price Volume Trend indicator has
detected a small increase in the price volume product. The Relative Trend Index (RTI) indicator
has gone from negative to positive on July 18th while the dual time frame RSI indicator
showing 1 hour TF in blue and daily TF in black has shown bullish divergence with the lines
rising over the 50 level and the blue line above the black line. Price crossed a VWAP band line
on July 18th as well. The analysis supports a bullish bias and a set up for a long trade.
I will trade long and find an entry on a 15 - 30 minute chart looking for a pivot low
to take that position. I will target 2.25 and 3.00 for the time being.