follow_the_money
Long

Verastem Daily chart- "hammer time" (pt 2)

NASDAQ:VSTM   VERASTEM INC
Today VSTM made hammer after testing ~50% retracement on the daily- Elliot wave theory states that the completion of leg 1 (12345) will have between ~50-61.8% retracement from hi's, which comes out to being leg #2 on the daily chart (this is the ABC corrective wave shown in 15 min chart).
The red arrow points to where e-Wave theory projects next big level of resistance (~4.26) then if continues its trend run-up to ER would be about perfect timing!

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The link to 15 minute chart findings should be attatched below- Press PLAY button to see how candles play out ;)

-Scooby
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