Hello everyon, I don't have any position on VBA but, just to give you guys an update. This candle pattern is called "Morning Star" and [IF] tomorrow she can close above ema 5, it will give us a better odds in going long. Morning Star Candle Pattern is a reversal pattern but needs the following "Green" day to confirm it. BUT just keep in mind that we could also see another "Lower Swing Top" Daily Stochastic needs to come up.
Weekly Chart is still coming down. On the weekly stochastic, when we had our new high 80c, her stochastic was not new high, there was a divergence. And on the weekly stochastic we have had one lower low and one lower high. I think she is a "short term" long for now, if you want to play in and out. EMA 5 has crossed EMA 55...so take care everyone.
Just my humble 2c.
VBA Price at posting:
64.0¢ Sentiment: None Disclosure: Not Held