dawarravi

Retracing to 38.2%. watch out for the gap!

NASDAQ:VDSI   VASCO DATA SEC INTL INC
24 0 0
Just a note before you read my analysis: I am fairly new to technical analysis and in the learning phase, would appreciate if you could point out my mistakes!

In the chart above, I took a look at the bigger picture to start with which was a weekly view, I determined the uptrend that started in Feb 2014, Then I turned to the daily chart and used Fibonacci retracement level to determine where we stand with the current retracement. I reckon the 38.2% level will be tested in next few days and If we can not make above it, we are going to be testing the 50% level soon. I will be out of this stock by then.

Related Ideas

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out