Interesting set-up for $VEEV.
Got in this one over a week ago.
Slightly under for now... but it's a longer term trade.
I am keeping my eyes on it to add some more.
There is a fair bit of support in the yellow rectangle area.
Red line on top is the recent resistance and the bold one below is the POC (point of control) for the last few months.
It's taking a post earning breather after surprising the Street with decent earnings.
I will be looking for the stock to get out of the triangle tip towards the X, especially if the price is being supported by the yellow area.
Anything can happen but that's where I will be looking to add.
Got in this one over a week ago.
Slightly under for now... but it's a longer term trade.
I am keeping my eyes on it to add some more.
There is a fair bit of support in the yellow rectangle area.
Red line on top is the recent resistance and the bold one below is the POC (point of control) for the last few months.
It's taking a post earning breather after surprising the Street with decent earnings.
I will be looking for the stock to get out of the triangle tip towards the X, especially if the price is being supported by the yellow area.
Anything can happen but that's where I will be looking to add.
Comment:
$VEEV not a bad spot to get in right now especially if it has a quick dip in the yellow support zone. I am in this one. $44 will probably offer some resistance on the way up.