Is VTSI close to a breakout?I bought this stock years ago but it never took off. I recently saw it on the news and I liked what I read. So I bought some stock again. The charts look pretty good. The one article mentioned a possible breakout coming. With it beating the expectations out of the water a couple times already, maybe there is some promise there now.
VTSI trade ideas
$VTSI is a gem in a world full of overvalued stocksIt's fundamentals are amazing, no need to spill any more words on that. It's astonishing how these opportunities are still present in a market.
But on a technical perspective we're at a crossroads here. We have an opportunity to sfp on the monthly while closing february bullish and above demand. If we do so, I believe we're aiming for 10$ again at least.
Furthermore, the indicator is showing net volume is picking up again which could mean the end of our bearish wave and the start of a correction which could lead to a bullish wave.
My final valuation for $VTSI is about 20-25$ long term offering 5x potential.
VTSI upside vs downside risk favorable after recent breakoutVTSI has moved up nicely during these past couple of days when the stock market corrected. The upside for VTSI is considerable since it is in a bullish Elliott 3rd wave. The downside is that gap at $5.07. With such a small downside risk, this is a good entry point.
I'm not sure if anyone's following this as I didn't get any interest on my last post for VTSI (see Related Ideas) so this might be my last post on VTSI. Sure, it's not as exciting as crypto, but money is money.
VTSI breaking out after multi-week sideways consolidationI mostly publish ideas related to cryptos, but VTSI has repeated Elliott Wave patterns at multiple degrees. As you can see on this weekly chart, VTSI gapped up breaking out of several weeks long flag and has remained strong throughout the day. I'm always a fan of the third wave as it's usually the most powerful, and that looks to be happening right here.