Long
Momentum Setup - $VIP
A cup and handle formed over the past few days with price consolidation around $4.20 range. Coupled w/ ultra low vol. in the past 2 days, with an inside-hammer-like bar yesterday, today's Close had hoovered back to the Resistance line of $4.39. 5ma has just started to turn above the 20ma. A break above the Resistance line will hopefully create momentum for the next few days.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.