Feb. 5 at 1:08 PM
Drawing support and resistance lines on a chart can sometimes be more art than science. Case in point here is
$VMD. Based on my own personal guidelines I could justify both the red line and the blue line on the chart below. Notice, however, that no matter which line you think is correct, VMD has now broken above resistance. My price target on these shares remains at
$12. I’ve just been waiting for the breakout.
And it looks like it’s finally here.
