Using Elliot Wave theory, we’re able to see that VERA has been in wave 3 since November of 2023. This move became overdone in the last month when VERA blew past all analyst estimates (average price target in the high 20s). VERA seems to be following XBI lower in a short term correction that started at the end of Feb. More context on the theory behind the downtrend...
Various insiders and investment groups are dumping large amounts of money into NASDAQ:VERA . Historically this happened in 2021-2022 and from what I have seen they sold with a profit of about 25% a few months later. I think this could be reoccurring. This can be seen by the huge POC nearly at the current price.
openinsider.com
Here is the link to see for...
12th gainer in November is VERA . Holding period is 0 days (11/18/22-11/18/22). Account up 0.5%.
This month till today, my account is up 10%, average holding period is 18 days.
My trading method is mostly short term and is independent of market swings.
Will keep updating on my trades.
