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VirnetX Holding Corp Message Board

  • sab63090 sab63090 Dec 6, 2012 6:26 PM Flag

    Something to pay attention to on specific market action (imo)

    VHC has a tendency to have 3 levels of support (shorter time frames) and it has a habit of taking out the last one and reversing.....notice that most of the minor sell offs have been around 33.30 to 33.50 with the last stab down right below that level; no downside follow-thru seems to develop and the volume spike today did NOT follow thru on the downside.....fwiw.

    Sentiment: Hold

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    • Sab,To add to your post and On a TA note the mid BBand is at $32.88. Yesterday and today the Band was tested a few times. Shorts may try to bring it below that because the next support area comes in at the 50 day,way down at 29.50. I think that $32.80 area is important. Most indicators are still on a buy but not by much.

2.65-0.10(-3.64%)Aug 31 4:01 PMEDT