If I wasn't a mongoose I would research how this set up was even made possible with so many stock dilutions by this company. Regardless... just imagine for a minute a world where the bulls turn this market completely upside down and short squeeze billions of dollars out of dumb money. One prime candidate is VISL, according to the charts it could spike back up to...
LONG-TERM: Cup and handle with hidden bullish divergence on the 4hr/Daily. (not financial advice)
Will we finally see VISL break up and out of this channel? It's been a relatively consistent area of support/resistance. With several potential catalysts to consider here (5G, general broadcast, telecom, esports) it will be interesting to see if these tailwinds act as a stronger catalyst. "While it will likely focus on some as it relates to 5G penny stocks,...
Complete the pattern.
Cup & Handle along with a falling wedge. Not financial advice, I am not a financial advisor
If you take a look at Vislink it has double bottom Adam and Eve style with the Eve bottom forming a cup with handle and we are currently trying to break out of the handle. $18 target and long term $130 target I think. Good luck traders
$VISL ANNOUNCES $50 MILLION REGISTERED DIRECT OFFERING PRICED AT-THE-MARKET UNDER NASDAQ RULES $VISL today announced that it has entered into a definitive agreement with institutional investors for the purchase and sale of 18,181,820 shares of its common stock and common stock warrants to purchase up to 9,090,910 shares of common stock at a combined purchase...
Above 3.5 can get bullish. Their camera systems could be part of ARK space ETF or other similar initiatives we may see this year. Currently sitting in a good support area. Perfect entry for a swing trade.
$VISL is forming a cup/handle on the daily. PT of 7.70ish. With this market and earnings approaching, trade carefully. Could see a move if we get volume to the upside. This is not advice. @Hugh_Henne @DipDeity #atlastrading
Bullish Pennant, confirmed Pros: Descending volume during formation PPS above 50MA and 200MA RS above 0, and ascending ATR Ascending R/R ratio above 7 200MA ascending Cons: 250RSI below 50 No volume at break out Target: PT = 8.40$ Thank you to those who donate Coins! Stay Humble, have fun, make money!
With a close above the .50 fib ($5.02), and a close breaking the diagonal resistance, that would be my entry point if not accumulate more shares. Wouldn't sell for anything under 100% gains
has been consolidating around the 4.50 area for a few days, i'm in this long