is up today with price up which is a bullish sign.
It is also nice to note that volume was down when price went down from February 26 towards the doji day yesterday.
3.59 - 1st stop would be just below this
3.41 - 2nd stop would be just below this
5.79 swing high
3.41 swing low
50% at 4.58 near the 50sma and the longer term descending trendline (10.43 swing high connected to the 5.79 swing high).
If target is just at 4.58, is it worth it for longs to take a position at around 3.82 and 3.75?
yes, jay, clearly the reward is higher and the rally into the closing hour Friday is lovely. I wanted to add myself to those who thank you for these posts with the excellent data you give. I have to ask if you only daytrade or do you hold overnight some? Do you also short? I just dont find other stocks that move like VELT - with a beta of 4 it appears that you could be long and short most days and scoop up profits whichever way it runs!
Mott, I just sold some at 3.96 and have a sell order at 4.12 but I'm hoping that it will hit at least 4.58 next week for swing traders.
I'm invested in VELT and I only trade long.
I daytrade some to hopefully lower my average. :)