- Bullish on NYSE:VSLR
- Stock broke above a short-term symmetrical triangle pattern.
- Prices are supported by a rising trend line
- MACD broke above the signal line while MFI is turning up (>50)
- On a weekly chart, the stock is trading within an ascending triangle pattern.
Forgot to post this idea yesterday when I opened the position :(
Opened @ 4.15. Up 9% today.
I opened the trade because I saw longs piling in with little price movement. That started changing today.
Looking for $5.25 to close the position.
There are huge gains to be made here, there will be a breakout soon, and at the time of this the price $3.55 (a bargain). Their P/B ratio is lower than most others being at .78 OMG why are you still here NYSE:VSLRhttps://www.tradingview.com/chart/LdrWJUhL/
NASDAQ: VSLR could potentially fall to its support line at 2.80. Currently VSLR is resting on resistance 1, and in previous trends VSLR is likely to decrease .20 in the next few days. I would suggest that it could also reach further beyond resistance 1 but I would go in favor for a decrease by the end of the week. Check it out.
on hourly coming out of cloud
money flow excellent see our book on price and volume rules
watch for exit at daily cloud see our exit strategy in our book have 40 years of trading experience