****** HUGE MOVE ON THE WAY TODAY, THIS COULD REALLY ROCKET HIGHER******************
Thinly traded micro cap Valeritas Holdings (NASDAQ:VLRX) is up 38% premarket on increased volume in reaction to new data from the VERDICT study, a real-world retrospective analysis of electronic medical records from a large diabetes center.
Patients with HbA1c levels greater...
Last candle was bullish engulfing with narrow range being exhibited since 24/04/2018.
This is usually followed by an expansion contraction. I am expecting more of a narrow range before any out break. This pattern follows similar principles to Bollinger Band Squeezes.
The break out will be over 2.08 to possibly 2.49 above that could see 3.15 to 4.44. The next...
VLRX after a bullish finish on 4/20/18 the following day had a good chance for another run. And so it did! Called it at $3.23 after breaking the previous close of $3.12 and with strong volume. Price flew through the first resistance at $3.75 and hit a HOD of $4.44 almost hitting the next resistance of $4.58.
A bottom has signaled for VLRX yesterday @ $1.73. News of VLRX teaming up with Glooko data management and a new distribution agreement in Australia and New Zealand sent this low-float stock surging. Technical indicators show a bull flag forming with resistance @ $2.50 and $2.85. There is a large short volume which could cause another squeeze in the near future.