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...
A big move to the upside may be coming soon. Next supply zone around $4000.
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 we break the 112000 zone with high volume, we are off to the races.
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...
As of now, the trend remains bullish, with $112,000–$115,000 as the next levels to watch. If those break, the $124,000 inverse H&S target is in play.