VRSN has a bounce up at a support level that is technically within the topping formation completion level. The stock has recently consolidated above the prior low for this top.
VRSN(240) Triple Bottom Channel AB=CD
Let it rally up and short on the way down below yesterday's low
Just over support, been on a tear, is this a good time to buy or wait to next BB break? Has a great business with hug moat
Verisign Inc. had a typical compression pattern and then gapped on good news. The gap is a breakaway due to the pattern of the consolidation.
Daily Shooting star Enter Trade @ or below 160.77 Playing Gap/retest Lower time frame lower highs being made S/L 177.17 T/P 138.83 R/R 1.18 Profit trading
A lot of bearish looking candles on WK and MN chart but the strength of this WK D is strong, as well no trend lines are broken yet so I am going to give it a go.
DYOR
„Blaues Trendfolgesystem“ - long-Idee - bitte beachten, dass ist kein advice!
Buy Above: $76.14 TP: $82.5 SL: $73.5 www.thejournalstocks.com