No, I won't be participating. Earnings are after the close. Would rather wait until that is out of the way and if it runs without me, there is always another bus to catch.
VECO is reporting earnings today. The stock has been slowly trending up out of a wide short term V bottom formation that is incomplete at this time. Swing traders should find short term bottoms early in the development to plan a low-risk swing-style entry ahead of earnings news. The current candlestick pattern is taught in the TechniTrader Swing Trading...
Price action looks good and I think the upper trend will be reached within a few months. Together with insider buying I have more confidence in this.
tread your path
The Veeco story is not a happy one over a lifetime analysis. However, it is still one of the major players in display, including OLED and has recently had a string of positive momentum related news. Their earnings calls are ripe with hints at a strong play going into 2019, but this year they should be seen as a short term, technical trade that can ride strong...
