Replies to post #46912 on VirTra Inc (VTSI)

[Ruffieruff]

Thanks for the insight. Good news Trumps all.

[Ruffieruff]

Another small order for 264K from the Dept of State posted Sept 4 btw.

[fishhunter]

I don’t see any resistance until 4.00 and even that is not major.

Why do you think there is resistance at 3.40?
The stock blew right through that level on way down.

My other observation is that volume was so light all the way down that there is not any serious resistance level anywhere on the chart.

Of course I am not a chart guy though it is a factor.

[dlewisfl]

Schneid: There's resistance at $3 area, both on Daily and Weekly. It was a previous significant support area at end of 2018 and in late April/May that became resistance when price drifted south an stayed there. Ye olde change of polarity, as they say. The MACD histogram on Daily and H4 approaching a bearish divergence as price makes higher highs while the histogram makes lower highs. A small pullback here will be a good thing so the histogram retraces below zero to setup for the next move up. As I always say, the charts don't mean much for a stock like this given the low volume, small volume trades can swing the price in large amounts.