Vicor Corporation (VICR) has been forming a clear ascending triangle pattern over the past several months. The resistance line at $52.05 (marked in red) has been tested multiple times, and today’s breakout above this key level signals strong bullish momentum.
The blue line ($50.22) acted as a solid support zone, reinforcing the base of this triangle. With price now trading above the breakout level, the setup suggests a continuation move towards the next resistance at $57.86, offering an upside potential of ~11%.
📈 Trade Idea:
• Entry: Above $52.05 (confirmed breakout)
• Target: $57.86
• Stop Loss: Below $50.22 (support zone)
The ascending green trendline further validates this bullish structure, indicating higher lows and strong demand.
The blue line ($50.22) acted as a solid support zone, reinforcing the base of this triangle. With price now trading above the breakout level, the setup suggests a continuation move towards the next resistance at $57.86, offering an upside potential of ~11%.
📈 Trade Idea:
• Entry: Above $52.05 (confirmed breakout)
• Target: $57.86
• Stop Loss: Below $50.22 (support zone)
The ascending green trendline further validates this bullish structure, indicating higher lows and strong demand.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.