Using Fib Retracement as a Bullish Signal for Vistra Stock
Using a very simple fib retracement indicator, there is potential for longs here for Vistra. It has been in a consistent uptrend, bouncing off fib support lines. Needs to break resistance line it tested at $108. I think it will soon. Next price target: $110
Note
Looks like we are in a downtrend. Don't get too discouraged, these types of corrections are good for a stock. We need a break of structure to continue to the upside, still waiting to enter.Note
Clinging on to an uptrend but uneasy about where it will go next
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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.