VICL has made some money for us, close to 100% depending on when you got in and out, but it was in need of a pullback, which has happened and now VICL looks to be preparing for another leg up. In the current position, I'd call it a high probability, low risk trade.
A little deeper then normal pullback, but VICL had a very parabolic move toward the end.
15 min pos. divergence
10 min positive divergence
5 min positive divergence
This is the type of confirmation I like to see.
I personally would use a stop below yesterday's lows around $3.67
Is interest rates about to start going up?
-
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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