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Vringo, Inc. Message Board

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  • trader2day1 trader2day1 Feb 21, 2012 7:55 AM Flag

    Why VRNG will Rise

    It will rise this week. Price touched the lower bollenger band last friday causing that brief upside movement to 1.33 and close at 1.27 MACD has crossed over and heading up. The volume should increase as buyers come in taking there positions for a run higher. Chart shows a Flag Pole and Flag pattern created in the last week. A very good indicator that the price will continue trending on another leg upward. Today Investors will be hungry for buying being a long weekend in USA and most parts of Canada.

    Watching this with anticipated rise going higher in the price.
    A good sell target would be measuring the bottom of the flag pole to the top of it and adding that to the price upward. I am estimating the price will rise to near or a little past 2.12 or 2.15 at peak before another pull back to the mid 1.60 - 1.70 price setting up for the next rise or leg up as it is called.

    Best to all Traders and holders with VRNG today

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0.6601-0.0399(-5.70%)Aug 3 4:00 PMEDT