VRLLOG Stock Breakout – 3 Powerful Indicators!Feb 09, 2022
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VRLLOG Stock Breakout – 3 Powerful Indicators!
MACD, Pattern and Candlesticks can give strong trade setup and if combined with appropriate time tools one can trade exceptionally well.
Moving average convergence divergence, or MACD, is considered as one of the most popular tools or momentum indicators used in technical analysis. This indicator is used to understand the momentum and its directional strength by calculating the difference between two time period Moving average intervals. A positive crossover is seen as per this indicator when MACD line crosses above the signal line and also this indicator moves above the 0 line
We have shown here how we analysed VRLLOG stock using price action and indicators.
We published the following research on VRLLOG pre market on 07th February in the Financial Waves Short Term Update equity report which our subscribers receive pre market every day.
VRLLOG Daily chart as of 07th February 2022 (Anticipated)
VRLLOG Daily chart as of 09th February 2022 (Happened)
Following was published on 07th February 2022
On the daily chart, in the previous session prices formed a bullish candle. A close above 535 will confirm breakout of rounding bottom pattern. MACD is above 0 and on Thursday the MACD line crossed above the MACD signal line which indicates that bullish momentum has increased in this stock and may continue in the coming session.
In short, trend for this stock is positive. A break above 537 can lift price higher towards 570 as long as 519 holds on the downside. BANG ON!
Happened: After we published the report the stock broke above 537 and made a high of 591.90 level on the same day exceeding our target as well…
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