lonercapitalist

Tough times ahead for this stock

Short
NASDAQ:VLDR   Velodyne Lidar, Inc
VLDR has been in a large zigzag correction since 9/11 last year and is currently finishing a wave C in 5 waves. Wave C of a zigzag is generally 1.618 the length of wave A, which is a leading diagonal . Expect further downside to the 6 dollar region. Good luck in this market all!
Comment: Possible bullish reversal here...hit my target. If it makes a higher low, it will be bullish.
Comment: Idea CLOSED. VLDR is likely BULLISH. I could be wrong though so do your own research. More than likely, the price is reversing now. Good luck to all!
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