VET has dropped off since its April highs, but that is good news for those of us looking to get back into this excellent project. It has been consistently making higher lows and is in a general up trend. Now is a good entry point since last time VET tried to break .22 the RSI was much less favorable (more overbought). So if we can break the resistance between .21 and .22 then we can run all the way back to at least our previous highs in the .27 range. This is about a 35% move. We'll have to reexamine the chart when we get here. Turning that resistance at .27 into support will be the next challenge.
Stop loss would be a daily close under the trend line. Make sure you wait for the day to end though. VET has a habit of swinging wildly over a single day.
Have fun, trade at your own risk.
Stop loss would be a daily close under the trend line. Make sure you wait for the day to end though. VET has a habit of swinging wildly over a single day.
Have fun, trade at your own risk.