VRSK – Bullish Pin Bar at Key Support after Earnings Flush?

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NASDAQ: VRSK delivered good quarterly results, yet price action showed a sharp flush-down bar breaking below the lower Bollinger Band. Recently, price retested the key previous low level at $262, triggered some small stop-losses, and closed back at $262 with a bullish small pin bar. Double bottom setup on VRSK.

Key factors supporting this level:

1. Flush-down move likely to stop out weak holders.

2. Break below lower Bollinger Band, indicating short-term oversold condition.

3. Stochastic oversold and attempting a bullish cross.

4. Bullish pin bar closing back above support.

Penafian

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