Replies to post #36893 on VirTra Inc (VTSI)

[vantillian]

I'm thinking more like .07-.09 area. RSI needs to reset (under 50). It's overbought now. Not saying this won't eventually see a buck or two....but it could use a healthy pullback.

[avocado]

Fibonacci retracement, if you use 4 cents as the base:

38.2% is 11 cents

50% is 9.5 cents

I don't expect it to go much below 11 cents, especially with what should be a fantastic 3rd quarter eaenings report on November 15.

Prices generally rise before the announcement, especially if the market is looking for a good number. I think that limits the correction of the previous rallies.

Andy

[avocado]

Maybe it stops at what may now be support.

Virtra is not famous for paying much attention to support/resistance, but maybe it will now:

http://www.booktrakker.com/Economy/VTSI_Resistance_Support.jpg

Andy