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samcrac
Mar 30, 2015 6:59 PM

Vasco Data VDSI Trends; Potential Gap, and Potential Bottom 

Description

This is a tricky one to read (for me). It seems Vasco has failed several attempts at a breakout. I see a failed inverse head and shoulders, a failed cup and handle, and I drew up this chart being that the SPY is up 1.3% as I type this and VDSI is down 3.3% (at the low of the day). Fundamentals might suggest this is a long term play, however I would wait before entering a long position for some sort of confirmation.
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