Sitting in a monthly Call. Will wait it out, maybe roll the call if necessary. Short accumulation period in the form of a rounded bottom with middle line divet. Can see a fakeout when the market was Jerked around. Disregard the big red candle near the end of the stair step.
The combination of the
big demand (gap) days,
several price shakeouts within the base, and
a contraction in price
provided sufficient evidence that this stock was under accumulation.
There's HUGE potential with VIVO. However, the chart is a technical mess littered with roadblocks and traps by the bears. Consequently, this isn't going to be an easy road to the top. Time is going to be an important ally.
Price tightening up and wedging. If price trades above $17.42 or new 1 mos. high, I will buy. + dividend. I like the mini double bottom, price rejected below $16.22 . Also some very high volume days, tends to be a runner. Higher lows so far, but no higher high, just waiting.