There are a lot of cool reasons why VRNG can shoot higher, but only one reason I care about, the technical reason.
Looking at the 20 day chart, the stock broke out of it’s symmetrical triangle pattern earlier in the week. Now that we got our re-test yesterday, the stock has the right to BTFO. For those that don’t know what BTFO means, make sure you check the ibc dictionary.
Here’s a look at the 20 day chart:
May or may not work, but I like the spot. Long here, stop under 3.40