Long
VRM setup
Hello Friends!
VRM has been on a downtrend for a while. Now it’s oversold on the daily, weekly, and monthly. It’s been consolidating in the $7 to $8 zone. A move past $8.18 with volume might setup a nice move to $9.77 and then $11.64.
Be careful with this trade, especially when their earnings is around the corner (Feb. 28).
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
VRM has been on a downtrend for a while. Now it’s oversold on the daily, weekly, and monthly. It’s been consolidating in the $7 to $8 zone. A move past $8.18 with volume might setup a nice move to $9.77 and then $11.64.
Be careful with this trade, especially when their earnings is around the corner (Feb. 28).
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
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