VGX has an important bottom support at $1.4 and $1.50. According to Wickoff, if it does not lose this zone, it will rise back to the $2.2 zone and break that zone to continue its strong rise in the near term. Therefore, buying VGX at this time has a relatively low risk ratio
đRED PLAN
â»ïžCondition : If 1-Day closes ABOVE 1.4$ zone
đŽBuy : 1.5 - 1.4
đŽSell : 1.7 - 1.9 - 2.2
đBLUE PLAN
â»ïžCondition : If 1-Day closes BELOW 1.4$ zone
đ”Sell : 1.4
đ”Buy : 1.2
âDetails
đRed Arrow : Main Direction as RED PLAN
đBlue Arrow : Back-Up Direction as BLUE PLAN
đ©Green zone : Support zone as BUY section
đ„Red zone : Resistance zone as SELL section