VRT: Bullish Pennant, Confirmed (69,24%)(30/1000)
(29/1000)
Bullish Pennant pattern on the weekly for VRT. Confirmed
69.24% possible gains.
VRT is part of the S&P industrial sector which is currently building a huge ascending triangle. Not confirmed yet though.
Pros:
1- PPS above 50MA and 200MA
2- RS above 0 and climbing
3- R/R ratio above 5
4- 250RSI above 50 and climbing
5- 50MA above 200MA
6- Both 50MA and 200MA ascending
7- Golden cross circled in blue
8- Descending volume during pennant forming
9- Volume during post forming
10- ATR ascending, more volatile
Cons:
1- No volume increase at break out
Target price is 58,02$
Stay humble, have fun, make money!
MAAX
Bullish Pennant pattern on the weekly for VRT. Confirmed
69.24% possible gains.
VRT is part of the S&P industrial sector which is currently building a huge ascending triangle. Not confirmed yet though.
Pros:
1- PPS above 50MA and 200MA
2- RS above 0 and climbing
3- R/R ratio above 5
4- 250RSI above 50 and climbing
5- 50MA above 200MA
6- Both 50MA and 200MA ascending
7- Golden cross circled in blue
8- Descending volume during pennant forming
9- Volume during post forming
10- ATR ascending, more volatile
Cons:
1- No volume increase at break out
Target price is 58,02$
Stay humble, have fun, make money!
MAAX
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.