3.20-3.25 looks like next stop point in my opinion.
I lovwe this stock and the story behind it.
But the main thing to keep an eye on is the overall markets. Things are getting ugly real quick. To think VRNG can stand it's ground while all other equities get liquidated- is, well, very bold to think.
Also, the lawsuit could take months and even years. That's another gamble long investors will have to consider and wait for ON TOP OF the market not imploding. Charts for the market show a Wile Coyote top formation. Not only that, but look at VRNG's weekly chart, MACD ready to cross down, no PLANNED announcements expect here anytime soon (I know I know it can come out at anytime, yadda yadda) but finding enough buyers willing to span it out may be a real volume issue to run higher.
Best believe these MM's or hedge funds who have the whisper on trial progress will have no problem bringing it down for their load price. They'll use the market on their side too and continue to take out supports/stops.
Been in many lawsuit stocks before and you really have to buy and forget about it for the most part. Can't say there's alot of retail traders/investors out there who would want to do that right now with the economy/DJIA so fragile.
Again, LOVE the stock, story, think it's a game changer- but I call it how I see it and time will tell. I got out at 3.70 last week and am sitting on my hands trying not to buy still! ;)
GLTA and ALL IN MY OWN OPINION.
GO VRNG
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