VET is READY for the trend reversal! BULL
Here are 4 simple reasons why VET is ready for a trend reversal:
1. A few days ago we saw a inverted head and shoulders succesfully breaking out to the upside.
2. During that formation there was a bullish divergence in the RSI.
3. At this moment VET is breaking out of the long downwards trend.
4. Beside that we can see that VET is breaking the resistance the 0,0194 region.
With the right decent volume we could see the next stop at the resistance around the 0,028 region.
1. A few days ago we saw a inverted head and shoulders succesfully breaking out to the upside.
2. During that formation there was a bullish divergence in the RSI.
3. At this moment VET is breaking out of the long downwards trend.
4. Beside that we can see that VET is breaking the resistance the 0,0194 region.
With the right decent volume we could see the next stop at the resistance around the 0,028 region.
Ok. Whats the deal at this moment? We still have some room left for a upwards movement and this is why:
- VET is in a bullish trend . Check the blue trend line .
- We're moving towards the daily 200 MA.
- We broke the 50 and 100 MA.
- Breaking the 200 MA and the path is clear towards the brown resistance box.
- There is still a decent volume .
But why do you have to be careful?:
- We see a bearish divergence.
- Breaking the trendline means we're in for a (small) correction.
- The brown box is the next resistance zone .
- The 200 MA could give resistance.
Happy trading!!