Key Support and Resistance Levels
Support Zones:
Around $3.00: Multiple bounces have occurred here since April.
Lower support near $2.80, which was briefly tested in May.
Resistance Zones:
Immediate resistance at $3.64 (200-day SMA).
Previous resistance zone around $4.00–$4.20 seen in May and February.
Strong resistance around $5.00+, which acted as a...
1. Six-Month Price Trend
Long-term uptrend: Over the past 6 months, VRT has climbed from ~ $54 to a recent high around $155—deep into a clear bullish channel
Pullbacks vs higher lows: Corrections have consistently bounced off rising trend-lines and key moving averages (50 & 200-day), reinforcing the uptrend .
🛡️ 2. Key Support & Resistance Levels
Support: Near...
Pattern Identified: Cup and Handle
From the chart of Alphabet Inc. (GOOGL), the most prominent and likely bullish pattern is a Cup and Handle formation:
Cup Formation:
The price declines sharply around February–April 2025.
It then forms a rounded bottom.
Recovers back to the previous resistance near $180 in June–July.
Handle Formation:
A short pullback...
If it breaks the 214 supply zone the next one to break is the 224 zone. I know most people would put stop loss around 193. However, that's where my smart money friend places his huge buy orders. He calls it the demand zone. Not financial advice.
Short‑Term & Mid‑Term Outlook
Near-term : Watch for a breakout above ~$11.30 on above-average volume. If that occurs, expect a swift move toward $13–14.
Mid-term : If momentum holds, the stock could reach $16–18 over the next 4–8 weeks.
Alternative (bearish) : A breakdown below the lower flag trendline (~$10
and the 50‑day MA (~
$10.05) could trigger a...
