VEON - UpdateOne of the most annoying buys this year. Its finally moving but my patience is running out. Thinking of exiting now on the green.
Still think this will double from here as there is ton of value.
VEON
VEON LONG IDEAHello Traders,
As you can see VEON trying to reverse the chart from the support line, I expect to start raising in the upcoming days for a final target of 60% for us.
*** This is not a financial advice, I'm still a beginner trying to share my Road here.
Than you.
VEON 52 Week Highs But Long Way To GoVEON finally popped its head over that pestering resistance level that it failed to break for months. Now the real fun begins (so to speak). It's back in this no-man's land that it hasn't traded in for some time. What I'm watching is to see if the resistance level finally becomes a new support. Then the tall task: filling and breaking back through that old gap.
"Veon Ltd (NASDAQ: VEON), for example, provides connectivity and internet services. In Pakistan, its operating company, Jazz, recently secured a roughly $320 million syndicated credit facility from a banking consortium led by Habib Bank Limited. This facility will finance the company’s ongoing 4G network rollouts and technology upgrades, among other things."
Quote Source: Best Penny Stocks To Watch Now? 10 Top Epicenter Stocks For Your List
VEON - Tremendous Value OpportunityThose that don't know anything about VEON, here is a (copy paste) description from Yahoo:
VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and digital services serving nine countries, which together are home to 9% of the world's population. Our companies are transforming lifestyles through technology-driven services that empower opportunity in some of the world's fastest-growing emerging markets.
Let 9% of the world's population metric sync in for a second....
Look at the chart and see where it was and where it is now....
It might stay in the wedge for a little longer but if it breaks out - there is a very high chance of price hitting $4 and if it gets any momentum - the chance of price getting back to $12-16 range is high.
On top of being a cell service provider (like T mobile, ATT and Verizon) it is also a payments system platform (for public transportation, parking, etc.) and its a mobile banking platform.
Aaaaand on top of it all it is also an emerging markets play.
Treat it how you want to but long term hold is a way to play this.
Consult your financial advisor first though cause pajama pants traders just click buttons and draw scribbles on charts and pretend they knwo something. This could very well go to $.50 too.
VEON: Interesting pattern!Just my view as a chart pattern guy! Anyone know some fundamental reasons this thing should pop? This would be a long term position trade. I'm going to start looking for setups to buy!
