Oct. 4 at 4:52 AM
$VNDA Dear friends...
This is the weekly chart - and most reliant.
We see that, our Inversed SHS have played perfectly out. We broke the neckline ( long horizontal blue line ).
We landed perfectly on the Fibonacci 38,2%, but this line is more an indicator, than a real resistance. Important levels on Fibonacci is typical 23, 50 & 61 - and of course 0 & 100%
* We should have no real resistance before 5.95 ( Fibonacci 23,8% ).
* Fibonacci 100% is 6.76. If we go there, we will also test the weekly resistance at 7.01 ( purple line ).
I give no buy/sell advice. But this chart is a dream to any swingtrader. Any green opening monday, should be a buying opportunity ( add to winner ). There is a 9% clear highway.