Sep. 11 at 6:34 PM
$VG This wick, up to the 16 7/8 level and marked on 4/7/26, is next to fill and therefore VG's next price objective which roundabouts coincides with next Fib extension of 16.62.
Based upon today's likely sub-16 pin, which effectively kills those 5K calls that are sitting and praying for another leg higher by day's end, I don't anticipate the next run-up to the aforementioned PT of 16 7/8 until early next week.
Obviously 16 must be taken out on volume and closed decisively above to target 17+, but MACD and RSI just getting started demonstrating PLENTY of room to run as they are each far from overbought and daily volume continues to surge.
Shorts clearly beginning to cover, much of which is most certainly forced liquidation, but not even close to the imminent squeeze yet.
Happy Weekend all! Be Blessed traders! 🙌😀🏖️
