This is just my prediction... Hanging in on VIVE is likely a smart play if you don't mind waiting. This stock isn't as sexy as some of the other quick movers out there but the technicals show promise. Technical traders rely on the tenant that history will repeat itself.
Look at the chart for the downside MACD crossovers - they have been spot on. Positive confirmation from VWAP crosses as well. RSI moving into oversold territory too if there is a early morning sell - it'll be a total banger to buy in more.
I believe VIVE is hitting a local bottom and we will soon see the same VWAP cross and MACD crossovers in the other direction. The steady channel indicates this will probably continue. Since the company has been pushing positive news as well, I think you could see the upside speed increase possibly. Maybe not - but I think no matter how many shares you grab, this stock can play as both a short term and long term winner based on its current position. If I see my predictions come through on Monday, I will likely 2x up on my long position.
Like if you like. Not an expert - just my idea, and I take my ideas to the BANK
VIVE went berserk today. Even after that mini flash crash it held its water. I find it unlikely it will retest my initial 4.00 target. Not anytime soon at least.
They are getting patents and have good news on the reg so I'm going to hold my shares. (I increased my position as well.)