Small Cap Growth (VBK) - Time to consider?The VBK small cap growth ETF is showing 305 price target on Stockcharts.com P&F, which would be 32% above Friday 2/3 close.
On the monthly Chart (not shown) VBK has posted a .618 retrace from 3/20 the low to the 11/21 high; .382 resistance is the next level on the monthly is 236.68.
On the daily chart (not shown), we have a 21/50 EMA daily crossover, but the 50 day EMA is still well below the 200 day EMA. The money flow index on the daily has been tailing off since 1/17 while riding an over bought RSI(9) since 1/17.
The weekly chart (shown above) shows VBK entering into Ichimoku cloud resistance, and a weekly resistance at a Gann confluence at 238.63. The latest up leg from 10.10 looks extended (blue Point D is near 1.61). The positive is that the VBK has soundly rejected the downward regression channel from 2022 high to low.
Small caps have in general less pricing power than the large caps(unless they hold a special niche). Passing on price increases to compensate for higher input costs can be more difficult. Easing inflation will benefit small caps, but tight labor market does not.
I do not see a 305 target on VBK anytime in the near future. I also do not see (unless there is a Swan event) lower lows. I do see sideways action inside the red cloud for the near future. Small cap growth is not for me unless I find one of those niche situations with superb financials.
VBK
Veriblock (VBK) Very Strong Bullish Action (111% Mapped)Veriblock (VBKBTC) is showing really strong bullish action.
In the past three days, we have very strong green candles with high volume.
Before the break above EMA50 and EMA100, we saw accumulation marked by high volume at low stable prices.
Now that VBKBTC is above the EMA200 brown line, additional growth is possible.
Here I am mapping two targets short-term for a total of 111% in potential profits.
You still need a plan before you trade but this can help you have an idea as to where are prices headed next.
This is not financial advice.
Thanks a lot for your support.
Namaste.
Veriblock Will Print A Massive Jump Like BankexQuite a few of the Bittrex altcoins are starting to move big time, we are seeing candles of 100%+ just to start the day, Veriblock is next.
VBKBTC is looking bullish with prices bouncing off a new ATL.
The next target is clearly marked on the chart.
MA200 if the "first target"... The potential goes so much higher, 175%+.
Namaste.
Veriblock (VBK) Preparing To Reserve, 250% Target MappedThis is the chart for VBKBTC (Veriblock), a low volume altcoin trading pair... This one is available on Bittrex.
Yesterday an indecision candle was printed and today's candle is starting to give out early reversal signals, meaning that VBKBTC can stop going down and can start going up.
Trading volume is starting to increase while the indicators are starting to turn.
Our next target is marked on the chart.
Thanks a lot for reading.
Namaste.
Bull Div on VBK 4H as we get closer to finding a bottomVeriblock is a strong project that is flying under the radar because people 1) got mad that they didn't get to participate in the IEO and then 2) got mad when the price dumped below the IEO price. LMAO.
Veriblock is one of a kind. Lots of good news to come in the coming weeks and months
-open sourcing the rest of the code (lol)
-PoP altcoin integrations (Placeholders and Curecoin already working on it)
-future BTC wallets that PoP for you in the background
-Early Attack Detection for exchanges, Bittrex already confirmed (exchanges have the most to lose on a 51% attack- rest assured they will all utilize Veriblock or a similar tech one day)