Keep it simple!
Looking at VET on the daily, there has been an unbelievable pump from the buy range (green box), making many of you over 175% profit! Hitting all three profit targets (Orange boxes).
From here I would like to see a pull back to the 63 Sat's range, and find a solid support, before the next rally. If VET does continue the rise, I have set two higher profit targets at the 193 and 235 range, as these are the next heavy resistance levels. Rejecting these levels would be likely, so take lots of profit.
So on the short term i'm bearish as I would like to see VET to retrace to a support level, forming a higher low, and long term see a nice continue of the rally.
Looking at VET on the daily, there has been an unbelievable pump from the buy range (green box), making many of you over 175% profit! Hitting all three profit targets (Orange boxes).
From here I would like to see a pull back to the 63 Sat's range, and find a solid support, before the next rally. If VET does continue the rise, I have set two higher profit targets at the 193 and 235 range, as these are the next heavy resistance levels. Rejecting these levels would be likely, so take lots of profit.
So on the short term i'm bearish as I would like to see VET to retrace to a support level, forming a higher low, and long term see a nice continue of the rally.