VRML Trade (long)

 VRML daiy 3C positive divergence.  This s sort of a market lesson, too many technicians think that large volume spike are signs of smart money buying, like we see here. This daily positive divergence shows accumulation into lateral/falling prices at very low volume, that's why it's called accumulation. If W.S. buys big at once, they simply end up running with the retail crowd. With a position accumulated over a few months at low volume, attracting no attention, they get a good average position price. The volume spike is an attention getter that this stock is in play, it' in stage 2 mark up and smart money will be selling into that demand.

 The recent run up pulled back and accumulation was underway again into declining prices, causing today's double digit move.

 You can see it here too on the 15 min chart.

 The 5 min chart shows the final accumulation I often believe to be market makers front running a large trade they filled and getting it into position for stage 2.

The 1 min chart shows a little pullback and this stock may be bought lower. Despite the double digit move today, I like the chances here for a new high. From a risk management perspective, I'd be careful on the position size. I'm looking at this as a 1% risk trade, but other then that, I like it.