VRT: Bullish Pennant, Confirmed (69,24%)(30/1000)(29/1000)
Bullish Pennant pattern on the weekly for VRT. Confirmed
69.24% possible gains.
VRT is part of the S&P industrial sector which is currently building a huge ascending triangle. Not confirmed yet though.
Pros:
1- PPS above 50MA and 200MA
2- RS above 0 and climbing
3- R/R ratio above 5
4- 250RSI above 50 and climbing
5- 50MA above 200MA
6- Both 50MA and 200MA ascending
7- Golden cross circled in blue
8- Descending volume during pennant forming
9- Volume during post forming
10- ATR ascending, more volatile
Cons:
1- No volume increase at break out
Target price is 58,02$
Stay humble, have fun, make money!
MAAX
