VCIT - keeping eye for a potential Short tradeVCIT is running within a long term upward channel. We are keeping eye for a potential Short trade.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
VCIT
VCIT - Longterm Upward channel breakdown Short from $84.83VCIT was one of our recent Short alert. It is running within a broad Upward channel, noticeable in weekly frame. Moneyflow was diverging & now in the negative side. We been waiting for the perfect entry point & now it seems ready to fall. We think it can decline down to $79 area.
* Trade Criteria *
Date first found- March 14, 2017
Pattern/Why- Longterm Upward channel breakdown
Entry Target Criteria- Break of $84.83
Exit Target Criteria- $79.73
Stop Loss Criteria- $86.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
