SamSuka
The Long Investor
The Long Investor

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$VSCO

This is quite a sight for $VSCO, a fall from $48 to $17 now in the PM, RSI is at 8!! and the price has lost the last Fib support level, so a test of the blue ATL line is possible next at $13.74.

Holding above this level will also mean a hold above the downward channel top line.

At the very least I believe a relief bounce is due here and if the price can range between the blue lines for the next 12-18 months then I think there is an opportunity here next

But support needs to come in first before considering a position.

$VSCO

Comments

You said be greedy for support and I wasn’t… now I’m greedy for a plaster 🩹

Nick E

Bought in early and averaged down - now holding 7,777 shares at $21.59. Your insights on this stock provides more peace than you realize. Appreciate the post on this ticker.

DTrades


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