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VRX

VEROX AI - a young promising project and a perfect entry !!VEROX AI is a project that merges proprietary AI technology with DeFi platform. On their website they state: "WHEN DEFI MEETS ARTIFICIAL INTELLIGENCE Verox is the artificial intelligence investment manager for crypto and deFi. We fuse the expertise of select crypto partners with artificial intelligence to achieve above human performance." After a strong start (15 X) at the start of the year, the price has been correcting until today. RSI is now deeply oversold and touches the low point at around 32 points for the third time this year. Despite the price going down the OBV on balance volume, has been holding up steadily (at 2.512k) - which is a sign of strength and a positive divergence. Historic Volatility is compressing within a funnel that suggests, that volatility will pick up soon (the next 20 days). I took a small position since this is very speculative (16 million MarketCap) ! Actually I took only less than 5 tokens which could be considered a nice position since max supply is only 47'500 units ;o) Let's see where that one goes ... If they achieve their extremely ambitious goal this could very well be a 1'000 X or even more !! By the way. You can stake tokens at 18% APR !
VLong
by Dangermousebanana
4
VEROX:ETHEREUM - Oscillation of MACD indicator and price growth Here i present a theoretical framework for calculating price fluctuation and growth over time by analysing the MACD indicator and the crossover points for price action and moving average. We can see that VRX:ETH valuation has increased significantly from when we last intersected the mid line. This can indicate that we will see a massive increasing, more so than the previous level as market growth begins to accelerate. x1 = 0.08 i1 = x +0.358 ETH:VRX ---> +449% ---> 0.438 r1 = i1 -0.206 ETH:VRX ---> -47.52% ---> 0.2307 ----------------------------------------------------------- Hypothetical price ----------------------------------------------------------- i2 = r1 +0.36 ETH:VRX ---> +157.13% ---> 0.584 r2 = i2 -0.206 ETH:VRX ---> -35.28% ---> 0.378 i3 = r2 + 0.36 ETH:VRX ---> +95% ---> 0.735 ETH:VRX These are simulated statistics for price based on speed and stability of price growth. Take them with a grain of salt as errors and variance cannot be accounted for without the use of a statistical simulation model. All things aside, I think verox will go big.
VLong
by HODLRorDIE
3
BHC Bausch Health: possible opportunity in the next daysAlthough earnings are releasing next week, the today's session for $BHC will be critical: a trend inversion might be possible on a daily basis, yesterday price formed a dragon fly bullish as the arrow shows. This must be confirmed with a black (green) candle today in order to develop minimum of swing, otherwise there will be no signs for an inversion in the short term. Ground seems to be ready even because RSI (oscillator) is near the range of 30-40 which means that it is charged enough to support a bullish trend. Conclusions For aggressive traders entry long might be done today with tight SL. Price actually flows over a solid support around 21.50 dollars. For conservative traders: watch and wait at least today.
NYSE:BHC
by TRADOMICS_
2
How I made 60% on, then VRX, counter-trading Bill AckmanWhat's going on guys, YoungShkreli in the building As you'll see I've tagged Bitcoin in this because this is an educational post and not just about BHC (formerly VRX). I didn't know anything about this company, I just saw an article one day by chance that said Bill Ackman, after suffering something like a 90% loss pulled out of VRX. They mentioned in that article that Bill doesn't quit until well after everyone else has. Notice the implications of that statement: Bill is the last person to sell something because he believes in his trades until (literally) the very end. That's an unbelievable psychological statement about a market. It had gotten so bad, that even the biggest bull had died. So, after reading the article, I looked at the chart, saw the ridiculous fall, looked at the book value and said, why not? I put Half of my account into the trade because I figured the technicals couldn't get any worse, the news couldn't get any worse, and the fundamentals weren't actually that tragic. My entry was at $15.35 on March 8th, I remember because it was one day after my birthday. I pulled out at ~$26 only because I needed to pay bills and I figured I might as well pull it out of there because I made a lot of money and didn't know anything at all about the company. I tie this to Bitcoin, because I want to tell you guys about ACTUAL bottoms in a bear market. They don't happen when you are watching 24/7. The only time you will catch a bottom is by not caring at all and just waiting and waiting and waiting. Bottoms happen when there is TRUE capitulation. If you don't know or remember, Richard Heart absolutely breaking down was another amazing psychological indication that the market may be close to bottoming. Bottoms in bear markets happen after capitulation. Always. They don't necessarily recover in a v-shape, they can capitulate many times and form a smooth bottom like the one here in BHC or like in BTC in 2014/15 but that's when they happen. Don't chase. Let the money come to you - it will. SUMMARY: Bull markets are said to be the easiest markets to trade in because everyone makes money (until they don't) but bear markets don't have to be that complicated if you know what to look for... and what to listen for... PS: I think Bill Ackman is completely incompetent at making money as a manager so that helped too. Brilliant guy, I can't emphasize that enough - he's way more intelligent and knowledgeable than I am - but his strategy is absolutely rubbish and he refuses to change. He completely ignores fundamentals AND technicals. He walks into businesses thinking he can single-handedly turn them around. Guess what buddy, if Elon Musk can't, you can't. End of rant.
NYSE:BHC
by CantorTechnologies
($BHC )Bausch health (VRX) jammed triangle Simple update today for ex-Valeant (VRX) now Bausch Health. We have a a triangle with squeezed volatility. Positions can me taken once the edges will be broken. As for now we are really closed to the lower line at 22,26 dollars. At the moment watch and wait would be the most logic solution. Aggresive traders can take long position with SL lower than 22, 26, but it might be somewhat risky (because secondary main trand is bearish). RSI is quite down but at the moment there are no divergences suggesting a trend inversion (bullish).
NYSE:BHC
by TRADOMICS_
VRX warning: overbought and RSI oscillator in divergenceI haven't taken position since VRX released its q1 because I was not very convinced about its fundamentals. (Nontheless good long opportunities have come in, but my strategy is also to combine foundamentals and techical analysis, especially for such volatile stock). On top of it, EPS turned out negative. Now we have situation where the price is clearly in the overbought area plus RSI is flagging up a divergence as the last pick of Friday is lower than the pick happened on Wednesday. I recommend to watch it out carefully as we haven't clear signs of short but signs of closing long position. Price has gone far from the main uptrend line as showed in the picture Another consideration is that the price has reached a key resistance level around 25.90 as I had previously discussed some time ago. I expect a retracement which might be quite consistent as it rallied more than 30% in the last few months. I would use the line and the Fibonacci retracement for further analysis.
V
by TRADOMICS_
SHORT VRX.T - Over extended, multiple gap fills, and bad press.MOVING AVERAGES: 30SMA miles away on the daily and its been previous resistance (for example Feb 27 2018 and March 16 2018) after breaking through on April 12th VRX blasted to the upside.. I am expecting the daily the close in on the 30sma line i've highlighted. CANDLE STICK: Dumpling top on the daily broke bearish. Also broke the daily higher low today. RSI: over extended on the daily, and 4 hour at levels that are known to pull back. GAP FILL: Gapped up on May 8th 2018 $24.46 to $26.14 PRESS: Ex-Valeant, Philidor executives convicted of kickback scheme finance.yahoo.com I dont think the news really matters that much but just ads the over extended stock that has multiple reasons the come down. I think the price will hit the $24 area. I'm short since yesterday at $28.32 TSX:VRX
VShort
by DonCase
VRX - Quick Short For A Correction PlayHere, the stock was hit hard in 2015 as shareholders abandoned ship, leaving stock down about 95% down over the next 2 years. This downtrend mirrored the company's revenue and income but recently, the company seems to have recouped some losses and seems to be on its way to being profitable again. Bullish sentiment in general, but here there is the opportunity to play for a quick retracement ahead of a possible uptrend (that's if an uptrend even follows up). I am looking for a quick reversal to 16.81, but I will not complain if the price retraces downward further. Stop @ 17.83 Target @ 16.81
VShort
by themdtrader
VRX a possible short with tight SLIn the last days vrx has seen a small rally and the price reache 17,23 dollars. This is the area where there is a first resistence as the top reached in March. A break of this line will have as a second step would be around 17.90. Unfortunately yesterday price closed with an hammer so a backdown movement is probable till the bottom line. It is not escluded that price will get into the trading range between the red lines. In both cases red/red or red/yellow what I see is a consolidation phase that at the moment is still bearish. Only a violent movement or with strong volume would change the picture.
V
by TRADOMICS_
1
STOCKS IM BUYING THIS WEEKI think last week's pullback in equity markets was a good thing. The market got overheated and it gave us a reminder that stocks don't always rise. Memories and patience are short in the finance industry especially with some recent trends (blockchain) skewing people's perception that building wealth gets built overnight. Not the case, in the past 50 years of the SP500's history, it has NEVER had a stretch of over a year without a 5% correction or more. So relax, this is not doomsday, it is the ebbs and flows of Mr. Market playing his tricks. Here is the list of stocks I'm buying or adding a position too. - Icahn Enterprises (see earlier post) - Scott's Miracle Grow (post coming this week) - Bank of Nova Scotia - Bank of Montreal - Citigroup - Home Capital Group (post coming next week) - Canadian Imperial Bank of Commerce - Valeant Pharmaceuticals - Equifax BNS, BMO, CM are banks I own in a fund and will simply be buying more of the fund (FIE.TO), but BNS and BMO are the two banks I would buy, if you go back one year and look at the worst performing Canadian bank, it's a pretty safe bet that the next year will be better. As well: www.theglobeandmail.com I apply this same rationale to Citigroup , one of the less fortunate American banks from last year. EFX was a stock I bought down around $90 when it sold off following a security breach announcement. I think the firm, fundamentally, is strong and will continue to regain ground. VRX is also one of those contrarian stock picks, after some allegations a couple of years ago for fraud and insider trading, I think they've found their bottom. They've also started to pay off debt which is never a bad thing for a recovering company. I'm in the process of putting a valuation on HCG and SMG and will make a post in the coming week, this will be a buy and hold value-pick. I'm liking what I'm seeing so far.
NASDAQ:IEPLong
by StuartTabor
MNK, Another it's never too low to sell story?We've been through DDD,VRX,GPRO to the recent TEVA stories to me MNK is just another. Back to the days I was a proprietary trader, MNK is one of my favorite name as if I don't know what to trade in any given day I tried to short the name. Only if we kept "it's never too low to sell" in mind that we can catch this kind of profit, otherwise we might be stopped out each time when we want to buy the dip. I don't really suggest taking this inside week short as I know it takes gigantic risk appetite to take this trade, but I am more than willing to post in on TradingView to see how it goes afterwards.
M
by Trader_Joe_Lee
1