Veren Inc T.VRN

TECHNICAL INSITE. GLTALongs.....

[Mrlongpants]

Intermediate-Term Bullish

Volume	6,296,627
Close Price	9.98
Target Price	11.50 - 11.90
Pattern Duration	29 days

Tells Me: The price broke upward out of a trading range suggesting we're entering a new uptrend.

The Upside Breakout pattern represents a trading range in which prices move sideways between two parallel horizontal lines. It's often a pause or congestion area within an existing trend though sometimes the breakout results in a reversal to the prior trend. Either way, an upside breakout through the upper resistance line signals an end to the consolidation period and the start of an uptrend.

 

 

Intermediate-Term Bullish

Volume 6,296,627

Close Price 9.98

Target Price 11.50 - 11.90

Pattern Duration 29 days

Tells Me: The price broke upward out of a trading range suggesting we're entering a new uptrend.

 

The Upside Breakout pattern represents a trading range in which prices move sideways between two parallel horizontal lines. It's often a pause or congestion area within an existing trend though sometimes the breakout results in a reversal to the prior trend. Either way, an upside breakout through the upper resistance line signals an end to the consolidation period and the start of an uptrend.