Verus International Inc (VRUS)

[Coachshot99]

Today was the third day of consolidation. By Fibonacci rules, we are now able to move to the D.

I think tomorrow is a pivot point in the short term chart. It would be nice to see it break that B point at 32. It has tested it a few times now. Needs to break it on next try.

Other scenario has it breaking the fib at 20. That’s what we need to avoid. Wouldn’t necessarily end the potential short term, but would signal weakness in being able to hold gains. The previous fib also broke but we jumped right back up two days later. So it’s not a death sentence by any means, it it would be nice for this to play by the chart rules for an extended period.