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b6d1016fdeb149be865b678a8ac935
Dec 14, 2023 6:45 PM

crazy macro VRSN idea 

VeriSign, Inc.NASDAQ

Description

Could this be a continuation / triangle pattern?

I drew this chart in regular view, as opposed to log, and I can see what might be a triangle pattern forming, based off of the "dot com" boom of the early two thousands, and where VRSN seems to be sitting at resistance.

Should price action keep testing that level around 218, I could see prices break out, retest at that level, then continue on its merry way.

Again, this is a crazy idea. Always do your own research.

-W00f

Humm, just before hitting submit, I could see this also play out as a bearish H&S shoulder pattern. We'll just have to wait and see what happens.

Comment

Checkpoint: Price is at lower trend/support. Keep an eye on price action around this level.
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