whynow111
Long

VSTM. Ready to Move Higher

NASDAQ:VSTM   VERASTEM INC
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Note: This is not an investment advice but my opinion alone. Please feel free to comment.

Its been just over 4 months when I first published my first chart on VSTM "VSTM Could go down even more". Price at the time was $4.24 where I said the downtrend wasn't over and it could end up going down. That seemed to have happened as predicted and the second publish seemed to have been even more accurate.

However, I think the stock is now ready to start moving higher again based on the chart. From my last publish VSTM Could go down even more (Part 2) I stated that Looking at the 1year and 5 Year RSI , we are way oversold but subwave 4 (iv) and 5 (v) of C could begin a RSI bullish divergence . That has happened exactly when looking at the 1 year chart as the price continued to go down, buyers were stepping up to buy new shares.

I think this sets up the stock for much more gains and any pull back will be a buying opportunity. Also the resistance trend line seems to have been broken and I see this stock getting to the 200EMA shortly.

As always do you DD .

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