VBLT RETEST THE 34 EMA??Possible 34 EMA bounce, entry $2.33 with volume and Stochastic reversal
- *Buy the dip* on an uptrending stock-
Here we have an interesting stock that IS looking to retest the 34 EMA. If that happens, and it runs north, this should bode well for a nice bullish move! Knowledge says to buy the dip on an uptrending stock; consolidation is our friend, and a 34 EMA retest is our confirmation of the move. Bull volume is key; volume is the support needed to uphold price movement.
Price here could get squeezed between the 8 EMA and the 34 EMA, so it may take a little more time to pop the movement.
Another key point to make is the Stochastic is in an oversold condition, almost to the bottom of the range, indicating it's discount time for Vascular Biogenics.
*Let's see what happens*
DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
