VNRX Short?Hey everyone,
the price is falling into the triangle, which usually means it leaves in the same direction. The overall trend is downwards. The MA also tells to sell. What you fundamentally sea is your thing, for me it's a sell!
VNRX
Volition RX - Positive News required to escape the bearcountryTo shorten things and to keep it simple: According to fibunacci should the stock stabilise at around 3.7$ and higher to keep above the 61.8 retracement.
If the company will publish some good news soon, it could be the signal for an entry.
Entryprice above 3.69$
PENNY STOCKS: VolitionRX Ltd - RUN ON ITthis one is ready for playing around
MACD near to 0.4
RSI near to 70
BULLISH
Q3 can be a good timing
Bad fundamentals good technicals for VNRXDespite reported second quarter loss of $2.9 million that did not meet Wall street expectations, VNRX (VolitionRX) might look quite bullish in a distant future. Three weeks ago there was a bullish engulfing at the bottom of a enormous rectangle which should imply some bullish momentum. This is why we go long with this stock with TP near the upper boundary of this rectangle.
For more ideas go to mercuriusam.wordpress.com.
