$VTVT more upside with Insider buying & MacAndrew acquire shares
VTVT had news on Phase 2 study and it spiked 21%
It close pretty strong as it stayed within the 5min chart break out zone.
Possible runner tomorrow or a few days as I do see accumulation going on.
Reason:
1. Indicators is still strong and positive with RSI divergence on daily. MACD positive
2. Price still within the channel of support.
3. Overall, the company has been doing well. No debt and sales are starting to look promising. The offering last year has made this VTVT more attractive and institutional buyer has purchased in late dec 2018 www.sec.gov/Archives...45974/formsc13da.htm
Also, insider had also purchase shares: finviz.com/insi...dertrading.ashx?oc=1186472...
Swing idea: Enter near orange line / SL at Red line
Daytrade Idea: Enter at break of 3.10 with tight SL or wait to enter break of the trend line (blue)
Over 3.23 will probably go parabolic so set your stops and scale out to take profits.
REMEMBER:
1. have a strategy entering and exiting
2. cut your losses fast (or avg down if you've plan to enter with smaller size)
3. honor your stops
It close pretty strong as it stayed within the 5min chart break out zone.
Possible runner tomorrow or a few days as I do see accumulation going on.
Reason:
1. Indicators is still strong and positive with RSI divergence on daily. MACD positive
2. Price still within the channel of support.
3. Overall, the company has been doing well. No debt and sales are starting to look promising. The offering last year has made this VTVT more attractive and institutional buyer has purchased in late dec 2018 www.sec.gov/Archives...45974/formsc13da.htm
Also, insider had also purchase shares: finviz.com/insi...dertrading.ashx?oc=1186472...
Swing idea: Enter near orange line / SL at Red line
Daytrade Idea: Enter at break of 3.10 with tight SL or wait to enter break of the trend line (blue)
Over 3.23 will probably go parabolic so set your stops and scale out to take profits.
REMEMBER:
1. have a strategy entering and exiting
2. cut your losses fast (or avg down if you've plan to enter with smaller size)
3. honor your stops
Trade active:
I have daytrade VTVT 5 times with buying at support level and selling at breakout point.
I will continue to buy between green and orange line if it moves lower.
Next catalyst over 3.40.
I will continue to buy between green and orange line if it moves lower.
Next catalyst over 3.40.