Dank-Traders

VSTM Wave completion + other concurrent price action

Long
NASDAQ:VSTM   VERASTEM INC

I'm long 500 units VSTM given the completion of the wave cycle + concurrent daily close above .38 fibo AND minor support from the initial trend reversal line established back in March.

Be careful though, fundamentals are fairly weak with this small cap company failing to produce a profit. Stop loss set tight at around 1.8. 5 year target at $15+. Short term, I expect to see $5/share, hopefully by the end of the year. Assets alone value over $2/share, so for me, it's a moderate risk.

My first day here at TradingView, cut me some slack :-D Any input would be greatly appreciated.
Comment: Still looking good:

Comment: Watching for break and daily close back above 50 day EMA @2.11
Trade active: RISE CHIIKON
Trade closed: target reached: $5.25 and out, forgot to update >_<

Comments

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