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VTYX- Buy the Pullback after a massive Bullish Surge LONG
Ventyx Biosciences, Inc.
Long
VTYX- Buy the Pullback after a massive Bullish Surge LONG
By AwesomeAvani
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Updated
Mar 20
4
Cheer
Cheer
Feb 28
VTYX is an illustrative case in the trend is your friend. VTTX warmed up on Frbruary 20th and
went parabolic on the next day and then faded while the moving averages and VWAP lines
caught up. This is a buyable dip. It has now printed a couple of engulfing bullish candles. VTYX
did less than a full 0.5 retracement as a sign of strength. I will take a long trade here targeting
16% upside to the top pivot of the recent price action. If the price can reach the target I will
take half screening for higher-than-normal volatility. At present the volatility has mildly popped
over the running mean telling me the continuation is on the ready. The plus here is earnings
will report on March 24th so there is one month for traders to run the price up on this
stock in that anticipation. Options are avaiable for call contracts expiring March 15th.
Mar 20
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anchoredvwap
biotechnology
LABU
Moving Averages
Volatility
volatilityindicator
volatilitytrading
Volume
VTYX
vwapbands
XBI
AwesomeAvani
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