TSXV:VER.H - Post by User
Post by
cashmoneyheroon Oct 19, 2011 7:47pm
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Post# 19164987
VRS Strange Technicals
VRS Strange TechnicalsI have been watching VRS for quite a while now and do not own it. I am interested in it but I find it a very strange stock technically speaking. I know we are on the venture exchange and all logic should really be thrown out the window.
VRS is channeling sideways between the .60-.90 cent range. It really wants to stay in this range. Today was a very good example of this. Today's trading was very negative and don't be surprised if it goes down to test the .60 price level. The more I watch this one the more that high volume spike on 07/18 to 1.26 looks like a high volume blow-off top and may be the high for the year or longer. Be careful on this one. Trade it if you can catch it between the .60-.90 swings but don't fall in love with it. People get burned on these venture sidewinders all the time.