Breakout From Consolidation Wedge $VICR
After another ~ year & 1/2 consolidation period, it appears that Vicor may be ready to break from its wedge. A few hints that stood out in my eyes:
-Bottoming stochastics on the weekly timeframe
-Considerable jump in recent buyer volume
-Clear break past the 0.786 fib level ($100.73), which has proved to be a formidable resistance in the past
This chart and analysis should always be seen as just an opinion on current trends and shouldn't be taken as advice to trade any security. Do your research before placing any orders! GLTA.
-Bottoming stochastics on the weekly timeframe
-Considerable jump in recent buyer volume
-Clear break past the 0.786 fib level ($100.73), which has proved to be a formidable resistance in the past
This chart and analysis should always be seen as just an opinion on current trends and shouldn't be taken as advice to trade any security. Do your research before placing any orders! GLTA.
Penafian
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