The 50- is about to go almost vertical from $1.75 where it is now to catch up to the stock's trading range the last few weeks above $2. Soon the stock will either get squeezed up by the line or it will have to trade back down below it. Without sell volume a violent move higher might be unavoidable. Worse things can happen for longs. But I hear you. I'd rather have the long-slow climb myself as well.
….is in and now all this stock needs is some buy volume and it will pop. The 50-day is at $6.54 and it's climbing so something has to give soon.
"BREAKOUT WATCH for possible breakout above 6.95, no resistance in area just above.
Type: Continuation breakout from single resistance.
Target: 7.36, 8.2%"
Just needs some volume and it will pop. $2.50 easy maybe even a little higher.
BREAKOUT WATCH for possible breakout above 2.33, no resistance in area just above.
Type: Continuation breakout from single resistance.
Target: 2.65, 17.8%
Yeah could be a Double Bottom setting up. But the question is the Market in general. What does May to November look like? In 2008, NO STOCK was safe. Without QE, the Market is vulnerable. Previous earnings behavior in VG during the 2009/2014 QE-run might not apply this year.
This stock was breaking out in November and now looks to be heading down to 50% of it's price then. #$%$? I found it on IBD highly rated. Technically VG is on life-support. Bad luck followed by bad moves.
I'm long and holding. So I hear you on the Institutions, I'm seeing the same thing. But overall Market sentiment is everything. VG has a PE over 50 right now. In the right kind of Market that's fine. But this isn't that kind of Market, at least right now. I'm looking at the Indexes' and VG's charts. They look like schiht. I hope they all repair and we see Golden Crosses across the board. But until they do that, and therefore stop signaling lower lows ahead and start signaling higher highs, I'm not buying more. We need VG to get above $5.55 and drag that 50-day back above the 200-. I see that and I'll be doubling down.
Yeah I stand corrected. And that was a shocking day. Totally ridiculous action. I'd say the jury is in on manipulation. That was a vicious shake-out. I still say before VG can have a good 2016 the charts of the Indexes need to repair themselves. I'm not buying anything else until they do.
I don't think so. The Markets have gone up SOLELY because of the heroin of QE. I wish they'd come out with a $3 TRILLION QE right NOW. I could care less about the future.
That' s how sick I feel about getting caught flat-footed in this stock. I bet the Markets wouldn't be in a world-wide blood-bath and there'd be a bounce and I could get out and I was wrong. Just like I was in '01 before September 11th, and before September '08 when there were runs on the banks. It's gonna take a long time and a lot of winning trades for me to make my losses back from this pig.
Are you serious? It's RED everywhere you look. This isn't the time for growth stocks. And I'm long and buried here.
Vonage had a good Q and guidance isn't great but it's good too. It's a shame about the world-wide stock sell-off and snarling Bear Market.
I'm long but have no expectations of a good reaction even to excellent news. When the markets are tanking, good news is like a whisper in a windstorm.
I'll be more like to buy your scenario if VG drifts higher into the 11th and the news. But even that would be scary as I've seen stocks do that and then get HAMMERED even on good earnings news more times than not. The 11th is setting up as a MAX-PAIN event for somebody, longs or shorts. I hate holding thru earnings.
I love the free cash flow. I'm long in part because of it. But I also trade technically. VG's 50-day is getting ready to cross below it's 200-, and that is never good thing. There's still 8 days until Earnings. I've seen the Flatline before many times going into Earnings. But rarely for 2 weeks. I'm hoping that VG pops $5.16 and takes the news at $5.60 to support the Averages and keep the Death Cross from happening. But it might be hard to do with the Market down triple-digits almost every day.
I hear you and makes sense all things being equal. But overall market sentiment counts for a lot.
Major market retracements to say nothing of Bear markets don't look too kindly on 45 PE's. They tend to spank them.
I think the best thing that could happen for VG is QE4. They announce THAT, I love VG getting to
double-digits by year end.
I get the action of the last few weeks. Whatever longs say about Vonage vs. competitors the market disagrees and sold this stock off. I don't care what a co.'s earnings/growth are. Liquidation is indisputable just as Accumulation is.
Reasons don't concern me. Volume and price action does. So I get the last 3 weeks.
This morning is confusing the hell out of me though. 1M shares in the first hour. And basically flat. Feel like they're either holding it down or suckering buyers in.
VG's biggest problem right now, is it's chart. It's ugly. Needs to get back above the 40-week line at $5.57 pronto and keep that 50-day from crossing underneath the 200. They don't call it the Death Cross for nothing.
Have a feeling this will take the earnings right around $5.50/$5.60. It'll be MAX PAIN for either longs or shorts on the news.
'Oversold' depends on Market overall too you know. When Indexes are experiencing massive revaluations, no individual stock is oversold. I'm long VG. But I don't know if the Indexes bounce off their Supports hold here, or they don't.
At this point I won't be surprised to see it go under $4.73. If not to close, at least to print those prices.
This chart now needs a high-volume flush-out candle to print before it can even retrace 1/2 it's losses.
This stock is now going to need a FLUSH OUT Candle with a long tail. You can't buy it when it keeps closing at the lows, regardless of the support lines or gaps filled. The Indexes are rolling over like they're dead in the water.
You see the Indexes rolling over? No single stock stands up to Market-wide corrections.