The exchange rate builds a decreasing dual wave structure. Currently, the second wave structure is being built. If the theory is the correct further bottom point. This can be somewhere around the 0.1551 level. We expect a rise from this level. The rise can be characterized by the formation of a triple wave structure. The support shafts can also be provided with a...
Not much to hang your hopes on here, it looks like a double top with the second top being a head and shoulders. The divergence between RSI and price at the two tops is tenuous, but I wish it wasn't even possible to consider it. As far as the financial statement is concerned, it says the IPO was in 2015 and I guess it's standard procedure for biotechs to lose...
VTVT is looking ugly now, as expected after 2 nice rallies. This is just a quick recap on our call at $1.38 which hit a HOD of $2.67 bouncing off the downtrend line. The previous day was about 50/50 bulls and bears so we were watching out for the RSI to break over 30 for confirmation.
Please look into this penny stock further if you decide to invest in VTVT. This stock is at a all time low and strong support area (around $4.00). Next scheduled earnings report is on 5/2/2017. Wait for a blow off candlestick going now downwards and reversal on daily (Harami, Engulfing or Pin-bar) candlestick pattern to go Bullish. F.Y.I.-- Most brokers forecasts...
Although the company could be doomed (awful financials), I think price movements for VTVT could be exploited by gamblers and are interesting as a sort of academic study. There appears to be a stubborn resistance at about 7.60 which has frustrated the recent buyers. I thought that the huge increase in volume on December 29th and January 23rd might push through...
