To a company committed to developing and commercializing new medicines for patients battling cancer itself this is a pretty good year for $VSTM starting the year at 1.3 then its peak at 4.21 last 4/22 and now still fighting their way up ., looking back on Aug 30 2018 were they reached 9.97, in my opinion, they can do it again,. better watch this one out
Bear Trend Reversal - Long term downtrend rejected with bullish RSI divergence on the weekly.
These hops off a long-term bear trend reversals can be swift and powerful. I've played these before and won (DAN...TQQQ after '18 Christmas)..but I've also played these and lost (MAXR).
I've previously played these directly on the instrument, but this time I'm playing...
VSTM has been trending up for quite some time now. We can see a beautiful ascending triangle has formed and two tops have been made. VSTM has recently beaten earnings however, it only has a zacks rank of 3 (hold) so I wont be holding this for too long. The MACD is also trending downwards but it can reverse if it continues the move to the upside. Volume has also...
Prices are obviously trending up and they're approaching a supply zone. Once prices reach this heavy seller area, if I see evidence of sellers on a lower timeframe, it can be a high probability short sell trade. Patience is the name of the game here.
VSTM is using the past 3 years to build a long cup and handle formation, we have seen longterm resistance 6.59 broken with a big enough accumulation to offset previous big sell-off spike. It seems like it wants to try to test mid 7 soon. Breaking 7 could be an easy one with the current momentum.
There might be some serious resistance between 8.3 to 9.8. With the...
VSTM has a current median price target of $11.00 and Cantor Fitzgerald has reissued its Buy rating at a $17.00 price target. An ascending triangle is currently in formation which could suggest a near term break. The shares now sit on the base of the lower resistance line suggesting a good buy in opportunity for those willing to take on a high risk, high return position.
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...
