Verge is exploding once more. The cause is an announcement to be made on April 17th. The golden rule of announcements calls: Buy
the rumour, sell the news.
Technical indicators on the 4 hour chart:
- Bullish MACD
- Bullish OBV, confirming buying volume
- Overbought RSI
I am showing the 30 minute chart because Verge is now consolidating in a perfect triangular pattern. Buy when this pattern is broken upwards.