llandsberg

More downtrend to come.

llandsberg Updated   
NYSE:VRX   None
Buy off the bounce. Either red downtrend channel, or Aqua support. Did not push through intermediate resistance (green lines), so down trend continues until next run up. 13.50-12.50 Target for my next purchase.
There is a chance it may break the intermediate resistance around 14.50, hold until it approaches the red downtrend and set stop losses there to profit. Rinse and repeat.
Comment:
Looks to be holding the downward trend. Support around 15, but given market conditions, selloff may continue. Chatter saying that there are a lot of SL set between 15-14.75 could trigger algo selloff too.

But now that I've spent time on this it will probably reverse and end the week on a new 52wk high. Such is my luck.....
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