The EMAs crossing over in addition to the MACD cross make me bullish on this. Also near the .78 fib level. Looking for a break of $7.04 to go long. Also there was a buy out offer for $8 back in December 18 that was rejected. $8 target.
2. Potential buy out
3. AI is hot
VERI is reporting earnings today and was chosen to remind traders that IPOs are not usually profitable. It is very rare to have a company that IPOs with high profits and revenue. Therefore, IPOs are generally speculative as this stock was. It IPO’d around the summer of 2017 and ran up for a month to a new all-time high. Retail investors and smaller funds drove...
I pointed this one out in the chat on it's parabolic move up as an interesting trend...sector...and parabolic move. Then again mentioned the exhaustion / short opportunities then again the recent sup break and move thru 50% retrace zone. I'm bringing it up now as a sector and type of stock to monitor going forward. A.I. is advancing rapidly . Some A.I. is already...