Vishay beats the estimates and the session went up like an arrow... The volume was huge, considering the average, and today's candle was very bullish...
But was all that just a short squeeze ?
I don't know... people on Yahoo Finance (http://finance.messages.yahoo.com/bbs?.mm=FN&action=m&board=4687590&tid=vsh&sid=4687590&mid=35208) are talking about that... but apart from this 11.6% rise, the main reference value has not been touched yet, I'm talking about the $12.00 which is a descending trendline, and top of a falling wedge pattern formation.
Tomorrow maybe the K day, because if VSH trades above $12.00 the squeeze may become a consistent rally... the next upside reference values are near $13.50...
Any opinions on this stock?
In attach to this message I leave 2 technical charts of VSH
VSH is having some nice up moves everyday...
The only technical problem I see onthis stock, is that the volume is decreasing, which means that VSH may have a little price correction before it hits $13.50...
The good part, is that the descending resistance is now history...
Any opinion ?
Should I stay, or should I go now ? ;D
If you stay there could be trouble. 8) 61.8% FIB retrace.
If you want to stay for the correction it shouldn't be allowed to break 11.50-11.40 in my opinion.
You could go aggressive, sell half in morning, stop the rest at low of day 12.08ish.
Thanks for the wise advice eliteG :)
hi Ramsburg :)
this one is going and going, did you stay or did you go ? ;D
Hi Livermore,
VSH is doing fine, I still have a few on my portfolio... I'm looking for sell signals... but so far nothing ;)