Venkeys broke long resistance and took support at Fibonacci!
Is this a good buy? How would you play this?
VENKEYS
RSI: 60-60-40 (GrandFather-Father-Son).
Daily Chart:
1. Support at trend line
2. Support at 61.8% Fibonacci
3. Support from 50 Day Moving Average
Weekly/Monthly Charts:
1. Break out from Old Resistance, but not very strong.
Let me know your thoughts!
VENKEYSRSI: 60-60-40 (GrandFather-Father-Son).
Daily Chart:
1. Support at trend line
2. Support at 61.8% Fibonacci
3. Support from 50 Day Moving Average
Weekly/Monthly Charts:
1. Break out from Old Resistance, but not very strong.
Let me know your thoughts!
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