VISL looks like it is at a crucial point right now. If we break below 3.50, I can see a down turn to about 3.35-3.20. If we break above 3.50 and stay in the channel wee could see 4.50 next.
Any comments and thoughts are always welcome.
This is my current analysis on this as of right now. If this cup and handle doesn't form and complete, then i can see this reaching $26 before shooting to mid $30's.
Any Suggestions are welcome!
ENTRY: 20.86
TARGET: $40
My previous analysis was showing the chart to be very bullish. But the past few days with the negative news Im starting to think this might re-test $21-$23 levels again. Im currently seeing a head and shoulders pattern forming and might take profits around this area and re-enter.
Any feedback would be appreciated!
Current Position:
ENTRY - 20.89
TARGET - $40
