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Re: fishhunter post# 45051

Friday, 09/07/2018 1:29:15 PM

Friday, September 07, 2018 1:29:15 PM

Post# of 53789
fish: VTSI has only broken 5.80 - 5.90 (split adjusted) one day this year (a Friday late in March) and it couldn't hold it, dropping below it the very next trading day. It has since twice climbed to 5.80 - 5.90 (mid-June and mid-August) and couldn't get by it. There is resistance at that level. The NEXT resistance is the 6.50 area which it reached in late 2016 and again in late 2017. So I'd say if it gets past 5.90 on volume and holds it, the next stop is 6.50. I can no longer annotate charts on stockcharts.com since I dropped my subscription, but if you draw a straight horizontal line around 5.90 at the resistance, then draw a trendline on the lows starting late May, that is a rising bullish wedge. The 5.90 resistance becomes support, aka "change of polarity", if the price is broken and that level is held.
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