The most recent candle closed above resistance and the MACD is crossing. I am looking for the price to remain above $2.26 to enter for a long swing position.
First target: $2.48, $3.06
One of the most annoying buys this year. Its finally moving but my patience is running out. Thinking of exiting now on the green.
Still think this will double from here as there is ton of value.
Hello Traders,
As you can see VEON trying to reverse the chart from the support line, I expect to start raising in the upcoming days for a final target of 60% for us.
*** This is not a financial advice, I'm still a beginner trying to share my Road here.
Than you.
VEON finally popped its head over that pestering resistance level that it failed to break for months. Now the real fun begins (so to speak). It's back in this no-man's land that it hasn't traded in for some time. What I'm watching is to see if the resistance level finally becomes a new support. Then the tall task: filling and breaking back through that old...
Those that don't know anything about VEON, here is a (copy paste) description from Yahoo:
VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and digital services serving nine countries, which together are home to 9% of the world's population. Our companies are transforming lifestyles through technology-driven services that empower...
Weekly Chart
Double bottom near breakout
Downtrend wedge near breakout
SMA20/40 as support
OBV>OBV40
Entry 1.8
Stop 1.5
Target 4
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
Just my view as a chart pattern guy! Anyone know some fundamental reasons this thing should pop? This would be a long term position trade. I'm going to start looking for setups to buy!
Placed 3 horizontal lines representing a support and 2 resistances. A support becoming a a resistance and sideways price action into an aggressive sell-of was also found and marked
