Bounce for $VIA with merges and acquisition news - CBS else we test the trend start/fill the gap below.
Other points:
MTM: shifting green
ML/S zones: just flipped green on Thursday
MS/R: continued higher highs and higher lows
Suggestion:
continue hold on long position and watch for a break above the 38.27 level
05/29: Buy
- Bullish divergence MACD
- Bullish reaction at fib 76.4%
and having abc form that looks
like wave 2.
Against:
- Last red bar show less strength
- RSI made lower highs lower lows
Looking at quick small 10% gain with tight stop loss.
Neutral for now, i think this will move as the market. If the market is bearish this stock is bearish. We saw a day of pessimism today will it repeat tomorrow ? Just presenting key areas
