VICL was also a May 9th trade idea that went on to gain 22% before pulling back. There was also an earlier trade from March 9th, in which it went on to gain 103%, currently around 73% on the pullback.
VICL was in need of a deeper correction so the blue 22 day moving average seems like a reasonable area to take a look at VICL for a potential next leg up.
VICL still looks good on the long screen, we just want to see some accumulation on the pullback. 1 min charts are starting, but I'd like to see that reach the 15 min charts before deciding to pull the trigger again.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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