VNOM testing key resistance
Viper Energy (VNOM) presently testing key resistance, able to absorb weekly buying pressures.
From here, (VNOM) is susceptible to falling back to recent support, eliciting losses of 10% over the following 1 - 2 months, and potentially losses of 20 - 30% over the following 3 - 5 months.
Inversely, a weekly settlement above elicited resistance would signal bullish continuation through Q1 where gains of 20% would be expected over the following 3 - 5 months.
From here, (VNOM) is susceptible to falling back to recent support, eliciting losses of 10% over the following 1 - 2 months, and potentially losses of 20 - 30% over the following 3 - 5 months.
Inversely, a weekly settlement above elicited resistance would signal bullish continuation through Q1 where gains of 20% would be expected over the following 3 - 5 months.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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