Varonis Systems, Inc.
Long

VRNS - VARONIS

61
VRNS - No Breakout yet

This is a leader +168% from 2023, a long cup & handle.
A recent consolidation with higher lows and volatility contraction (VCP).
It is just missing a big breakout that did not happen yesterday, will be cautious about that

Entry 57.15
Stop loss 55.55
TP1 30-50%: after 4-5 days
Stop follow up (visual) with EMA 10 or EMA 20

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.