VRT: Bullish Pennant, Confirmed (69,24%)(30/1000)

(29/1000)

Bullish Pennant pattern on the weekly for VRT. Confirmed
69.24% possible gains.

VRT is part of the S&P industrial sector which is currently building a huge ascending triangle. Not confirmed yet though.

Pros:

1- PPS above 50MA and 200MA
2- RS above 0 and climbing
3- R/R ratio above 5
4- 250RSI above 50 and climbing
5- 50MA above 200MA
6- Both 50MA and 200MA ascending
7- Golden cross circled in blue
8- Descending volume during pennant forming
9- Volume during post forming
10- ATR ascending, more volatile

Cons:
1- No volume increase at break out


Target price is 58,02$

Stay humble, have fun, make money!

MAAX