This share is ranging since several years, the longer the range is, the better will be the bull phase.
Conditions for a bullish breakout (break the red line) :
- a big green candle
- a big volume
Vertex Energy, Inc. is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. The Company focuses on recycling used motor oil and other petroleum by-products. The Company's segments include the Black Oil, Refining and Marketing, and Recovery divisions. The Company's product categories include...
After a monstrous 160% increase in the last quarter, price reached 2,618 fib.
No need to chase here, even after the run was backed by super volume. Last week's bearish wick almost erased, but the volume was 1/3 less. Nice base areas little above 7 and little lower than 6$ in the daily chart, may provide an entry if intraday or day PA show buying pressure.
Long...
