Is another one I have found browsing "Gap Losers" today.
This has long term bullish divergence through the downtrend and through that big bounce; which is significant I think.
The upper wick (red arrow) is a bit smelly but I think this is compression forming and on the 2 week chart this is expressed as Inside Candles.
And the gap above will attract price so it...
Goals 68, 61.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to....
After another ~ year & 1/2 consolidation period, it appears that Vicor may be ready to break from its wedge. A few hints that stood out in my eyes:
-Bottoming stochastics on the weekly timeframe
-Considerable jump in recent buyer volume
-Clear break past the 0.786 fib level ($100.73), which has proved to be a formidable resistance in the past
This chart and...
Seems likely were now in the fifth minor wave of the third major wave. The 2nd Major wave retraced to 0.382 fib level. Therefore, its likely that wave 4 major, will retrace more.
