I'm not sure your technical take has much value for long term buyer/accumulator/holder like me.There are no such thing as newer broken support or resistance points as well as when they are broken and at what direction.Stock market is not only full of contradictions but they are the base of it's existence.
Here is my view: 1- the pps is at the lower line of intermediate and long term price range of higher lows and higher highs.
2-increased average daily trading value since January 2014
3- intermediate relative strength v/v competition
4-bullish broad market environment until at least 2018
Vonage is flat to slow grower with potential of explosive share price appreciation if/when all or most "grow initiatives" materialize.On the other hand departure of Lefar at the end of this year might just be the results of lack of visibility or trust in his leadership.
I wished i knew.
".On the other hand departure of Lefar at the end of this year might just be the results of lack of visibility or trust in his leadership."
Be sure that his planned departure will be at a pinnacle! They already know which initiative is going to pound this stock up by years end. Will it be the business section? Will it be Brazil? Will they cut back on costs now that they have started the initiatives and go back to double digit earnings?
It will be something and you will have some answers in 8 trading days at the earnings CC
He will leave a hero. As he should for turning this company around, from near bankruptcy to a CASH Machine