Verge should start to recover
Now that the dust of the announcement has settled, we should start to see some positive movement.
- People that wanted to sell the news have done so now.
- RSI is moving to below 35
- MACD is slowly moving toward a cross.
- We are below the 100 EMA
- Remember, the announcement was a _good_ announcement, so what we are seeing here is just people taking profit.
I would suggest buying between 720 and 700 and selling again once the RSI goes above 65.
It will take about a week to climb back up as people are watching each others.
I don't think we will remain too far of the new 100 EMA, but I don't see us really going much above it either.
- People that wanted to sell the news have done so now.
- RSI is moving to below 35
- MACD is slowly moving toward a cross.
- We are below the 100 EMA
- Remember, the announcement was a _good_ announcement, so what we are seeing here is just people taking profit.
I would suggest buying between 720 and 700 and selling again once the RSI goes above 65.
It will take about a week to climb back up as people are watching each others.
I don't think we will remain too far of the new 100 EMA, but I don't see us really going much above it either.
Penafian
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