VBLT RETEST THE 34 EMA??Possible 34 EMA bounce, entry $2.33 with volume and Stochastic reversal
- *Buy the dip* on an uptrending stock-
Here we have an interesting stock that IS looking to retest the 34 EMA. If that happens, and it runs north, this should bode well for a nice bullish move! Knowledge says to buy the dip on an uptrending stock; consolidation is our friend, and a 34 EMA retest is our confirmation of the move. Bull volume is key; volume is the support needed to uphold price movement.
Price here could get squeezed between the 8 EMA and the 34 EMA, so it may take a little more time to pop the movement.
Another key point to make is the Stochastic is in an oversold condition, almost to the bottom of the range, indicating it's discount time for Vascular Biogenics.
*Let's see what happens*
DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
VBLT
Long trade on VBLT when this will happenSame pattern for this share, after a long consolidation, if we have a break out with :
- a big green candle
- a big volume
--> it might be a good long with a very profitable RR ratio
VBLT - Bullish Momentum Bulls In ControlVascular Biogenics Ltd. is in the clinical-stage biopharmaceutical company, which engages in the discovery, development and commercialization of first-in-class treatments for cancer. It offers different programs for cancer and inflammatory disease patients such as vascular targeting system and Lecinoxoids. The company was founded by Dror Harats and Jacob George on January 27, 2000 and is headquartered in Modi'in, Israel.
SHORT INTEREST
69.52K 08/30/19
P/E Current
-2.01
P/E Ratio (with extraordinary items)
-2.48
Average Recommendation: OVERWEIGHT
Average Target Price: 3.25
