VirTra Inc (VTSI)

[avocado]

Its all about Fibonacci Retracements.

Its all about the math. And Virtra certainly seems to play that way, considering there is next to nothing coming out of them to change purely mathematical investment in the company. Next big news is May 15, with the release of 1st quarter sales and earnings. They should be fantastic, but we won't really know that until they are released. Virtra is famous for earnings letdowns even though the previous order backlog would say otherwise.

The chart is 5 years. Declining trendline was broken to the upside in October of 2013, with an almost perfect backtest in July 2014. The parabolic rally hit the stock in October, taking it from 5 cents to 18 cents. We should not be surprised that its going to retrace some of that before resuming the uptrend. A 50% retracement is 11 cents, about where it is today. 61.8% is 9 cents, where it did a flash crash earlier this month. It may very well trade all the way down to 9 cents before May 15.

They are profitable with zero debt. Next two or three earnings reports should be very strong, after that its problematical, as they have not announced any more contracts. But then they do not think communication is that important, so we don't really know how well they are doing with respect to orders. Its always a guessing game with Virtra.

Chart: http://www.booktrakker.com/Economy/VTSI_Fibonacci_Retracement.jpg