VICL was a trade alert from March 9th
This has been a solid trending trade, but it's time to really keep an eye on it.
Here's when the trade started on a breakout of a nice lateral base.
The trend channel has held the trade, including consolidations, so anyone in the trade should have a 70+% return in VICL right now.
For traders looking for a tight stop, the 10 or 22 bar m.a. on a 60 min chart would be my choice.
While you could also use the Trend Channel, it would be a deeper stop and the recent consolidation was only 3 days compared to previous consolidation of a couple of weeks. It would seem to me that VICL will be approaching a decent pullback in the not to distant future. Email me with any specific questions at BT46n2 at gmail.com
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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