The_Patterns_Guy

#VSAT #stock #short

Short
NASDAQ:VSAT   ViaSat, Inc.
On Daily scale VSAT has formed a H&S within a neutral price channel. All indicators are pointing down. Expect this stock to breakout below the neutral channel, however, wait for the breakout and set a stop over the recent high around 4/4/2018. VSAT is optional with a $.80 spread on the September close. $60 Bid: $3.20 and ask $4.00.


weekly
price action still within channel. trend is neutral. small double top is seen on the far right. all indicators pointing down. suggest waiting for a breakout under the bottom trend line
monthly
VSAT has formed a flattening channel. trend is slightly up. MACD and Stoch RSI both leaning down. OBV still edging up. longterm prognosis likely dependent on shorter term events, such as a breakout up or down.

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