Yes, VISL is a terrible company, but there is only so much lower it can go. It's extremely oversold. Tons of bag holders in the $6-8 range. Recent 1:6 reverse split. Look at the timing of previous reverse splits compared to a run up shortly after. The pre split guys will never break even again more than likely, but this is an excellent buying opportunity for...
VISL had some tremendous gains, and has since pulled back. VISL has completed a text book gap fill and tag of the 50sma. This looks low risk to move higher. It's currently trading above the supporting MA's and has a bullish cross.
After a massive run up yesterday 1/28/20 for roughly 25% it has retraced about 12% today. Looking at the chart it looks to be trading in this upward trending channel. With an avg buy in of $0.32 I'm keeping my eyes on this level close. If I were to take a guess I would lean towards this slipping back to the $0.30 area before making its next move up. Any thoughts...
Today did not end well for VISL. Watching for a continuation trade tomorrow. Need to see break and retest of 4.60 for possible long entry. No holding, quick in and out!