VGI | Wave Projection | Inv. H&S TFW Breakout Target +30% upsidePrice action and chart pattern trading setup & target
> This wave analysis in weekly timeframe indicates a possible new 1-wave ABC uptrend reversal pattern with an inversed head & shoulders pattern support.
> ENTRY: A possible pullback trade at neckline breakout zone
> TARGET: head & shoulders targeting 1.618 extension +30% upside
> RESISTANCE: 1.0 Fibonanci extension zone 5.30+ baht
> STOP: right shoulder zone -10% risk
> RRR: 3:1
Always trade with affordable risk and respect your stoploss
Goodluck
VGI
ALL IN @ 100!Im not sure where exactly people are seeing this stock go below $99. people are seeing $70 and i just dont see that. but the support is very strong on the weekly and monthly chart @ 99! Regardless this is a great company i recommend adding to your long term, as i am not much of an options trader. this will fly back to new highs before you know it! The only thing that would invalidate and break this strong trend is a break under $95. i am long 100 shares @ 109. Good luck happy trading! hope to look back at this post in a few months with pure joy! would like to hear your opinions!