Channibal
Long

Momentum Setup - $VIP

NASDAQ:VIP   VIMPELCOM LTD
A cup and handle formed over the past few days with price consolidation around $4.20 range. Coupled w/ ultra low vol. in the past 2 days, with an inside-hammer-like bar yesterday, today's Close had hoovered back to the Resistance line of $4.39. 5ma has just started to turn above the 20ma. A break above the Resistance line will hopefully create momentum for the next few days.
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