demyanchuk
Long

VRNT Typical bulls' trend formation

NASDAQ:VRNT   VERINT SYS INC
During monthly and local inclined resistance levels' breakouts double bottom with approval have formed and very probable pennant is forming now.

Our recommendation is to buy.

Entry point 34.50 (enter the position only after the break out of top pennant's line)
Stop-loss 33.53 (-1tic 33.54pennant's low)
Take profit 40.00 (according to strong resistance level+Elliot's waves+target sizing approach)
Risk/return ratio 1: 5.67
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out