Posted On: 01/19/2014 4:59:13 PM
Post# of 2559
VICL Daily Chart ~ A New High at a Horizontal Resistance Point
Here's the rising channel/horizontal resistance formation again after a huge gap down. Although a little late to the show, one could look at VICL as a potential gap fill candidate now. The previous resistance levels have already been taken out and the third is being tested over the last three days. The downside should be contained over the short term near 1.40/1.50s. The bottom was obviously put in at the 1.10 level. The upside could see 3.60+ should the gap get filled. The only real resistance along the way is the MA200 at 2.28 today. GLTA
Here's the rising channel/horizontal resistance formation again after a huge gap down. Although a little late to the show, one could look at VICL as a potential gap fill candidate now. The previous resistance levels have already been taken out and the third is being tested over the last three days. The downside should be contained over the short term near 1.40/1.50s. The bottom was obviously put in at the 1.10 level. The upside could see 3.60+ should the gap get filled. The only real resistance along the way is the MA200 at 2.28 today. GLTA
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