Good Morning,
Many of you wrote in last night asking for an in depth break down
of VIZC chart as bottom bounce charts are easier to digest then a
breakout play.
Breakout charts to some can seem scary, they look like they are about
to do a pull back and crash if just looking at the price vs bollinger band
action, but the other indicators are usually all giving the stock a green light:
RSI - Moving up from soft breakout into Bullish Break out, 70 mark.
Price - Moved up testing resistance at top bollinger band.
MACD - Trending up under the zero line about to do a bullish cross over.
Acc/Dist - Moving up from bottom formed two days ago.
Acc/Dist is the biggest key here as if VIZC chart was ready to trend down
it would be at peek height levels, but since its at bottom, that means that
possibly accumulation has not begun yet, after distribution has occurred.
RSI is also in a bullish formation and still has plenty of room to go before
it gives us the pull back signal.
All VIZC chart has to do now is get over the .026 resistance point at the
50ma and top bollinger band are sitting at and then we have a full blown
breakout chart on our hands.
First level of resistance is at .04, a previous high set last month.
So, a simple move from current levels to previous high could be an easy
50pct trade.
If you haven't done your research on VIZC yet, please do so now and don't
forget to read my full report.
Continue here for VIZC full report.
Sincerely,
007
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