What do you guys think about VERI???
Will very be happy at the end?
The following analysis represents my personal opinion, and any trades executed based on this chart are solely your responsibility.
We have Multiple Levels of MACD Bullish Divergence on the Weekly Timeframe at the PCZ of a Bullish Gartley that went a bit deep to the 0.886 with tail end Bullish Divergence on the RSI and if it plays out, Veritone could blast significantly higher.
you know what I always say.. watch for big breakouts after this kind of consolidation.
potential upside targets are 14.39-19.70! boost and follow for more <3
VERI fell victim to the tech sell off and is well off its recent highs. Price found support at the 13.5 area and has bounced since.
Price tested the .61 fib level and we have a MACD cross. In addition it received upgrades recently.
Looking for an eps beat and a move to $24.88 +
On 11/9 VERI beat EPS est on the top and bottom line. Priced gapped up to open from 30.61 to 36.03. Most of the gap up was sold off but the 11/10 candle managed to close higher than the candle prior to it. The 11/11 candle is an "inside bar" which is bullish in an up trend. It was followed by a bullish candle that closed above the .5 fibonacci level.
In addition...
The most recent candle closed above the .38 level and recently price broke above the descending trend line . In addition the MACD recently crossed and volume has been increasing.
Looking for a move to $33 or so and then a retracement back to the $29 range before advancing to prior highs.
Sidenote: This will be bought out at some point. Most likely within a few years.
VERI :
Nice multi weeks bottoming pattern below 22.60 for this good growth name.
We're now above this line and I see it as a good opportunity to buy for a swing trade, with a stop below 22.60.
All resistances and targets on the chart.
Trade safe!
The risk reward looks good with stop loss at19;First target 28 andveith good quarter result may reach 45+
Disclaimer: The stock/index/currency discussed do not constitute Investment/trading advise and is merely an effort towards enhancing learning, knowledge and book keeping. Kindly do your own due diligence and/or consult investment advisor before making any...
yesterdays action on volume looks very bullish
is trading higher Thursday after the company announced a new exclusive international licensing agreement with CBS News.
Nice round bottom/consolidation pattern
I like the double bottom that happened in May and July in the $16.50 range and the test of 22.50 that failed but made a higher low.
Coming off the higher low the price has moved steadily up the fibonacci scale and current candle closed above the POC line (ytd)
I am looking for a break and close above the descending trendline to go long. $22.10 may give some...
Looking at the highs post IPO and then declines with double bottom and rally up and eventually laying low. Seems repeat in 2021. Hoping for the reversal
Possible stop under C.
ABC are measured move downs within a larger measured move up.
AB is the impulse leg, so you look for a long leg up and place A at the bottom of that leg. Sometimes point A is clear, other times you have to be flexible.
Targets are based on the length of the AB leg using fib levels. D is the target and as a rule, you can expect a pull...
Description: VERI is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $26.2 - $29.4
2. Take profit: $41.85
3. Stop Loss: $23.71
4. Risk To Reward: 1 / 5
5. Accuracy Rating: 93%
