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Nick21Ho68
May 19, 2020 5:21 AM

VREX Long

Varex Imaging CorporationNASDAQ

Description

VREX creates a beautiful gap waiting to be filled. The market-push-up is the beautiful chance for VREX in a short time for many reasons:
1. Volume increases.
2. RSI hit oversold.
3. SPY had a big jump today, and maybe tomorrow until the next correction.


Target is 35% up which is $25.31

Comment

The pressure from the 61% FIB of SPY is so strong for the market. Look like a rebound can happen before we can go to the target

Comment

Rebound just happened, target should be headed soon
Comments
BabyBull6868
Great Analysis
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