VRML Update

If you have been in the VRML trade, today's you day! Up over 12% intraday and around that mark now.

 Daily chart and consolidation. It'll be important to watch volume today to decide whether or not to hold this for a follow through move tomorrow. In general stocks like this I tend to take profits at a double digit 1 day or two day move, they are market gifts and often don't last long.

 There has been a very big positive divergence in VRML that has lasted about 6 days so it looks as if there should be more upside in this one.

Thus far the 5 min chart is in complete confirmation of the trend.

If you are not using 3C, you can email me for updates, but I would suggest considering taking some profit off the table if volume doesn't pick up. You may also want to introduce a trailing stop. At this point a 10 bar m.a. on a 60 in chart would probably suffice, if it shows the kind of strength the 60 min 3C chart suggests is there, then we'll want to widen that stop in a little while to absorb any intraday consolidations.