Looking the big picture is more easily to get an idea of what I propose.
The support is history and the breakout of bearish trend-line too. But now the price is negotiating with a resistance level in 15.00 area
The trader interested in this idea can wait for breakout with a pullback or even buy now at a better price it depends of your risk profile, system he use or your personal opinions.
The target for a swing/position trade is around 29.00 based in past resistance levels, or what you prefers based in your personal objectives.
I do not use a strict mechanical system, but I look at moving averages crossover too and I interpret they based in my discretion, Like now
coordinated with a daily chart with a different moving averages set up.
Daily chart set up
https://www.tradingview.com/chart/VEIBUXco/
The support is history and the breakout of bearish trend-line too. But now the price is negotiating with a resistance level in 15.00 area
The trader interested in this idea can wait for breakout with a pullback or even buy now at a better price it depends of your risk profile, system he use or your personal opinions.
The target for a swing/position trade is around 29.00 based in past resistance levels, or what you prefers based in your personal objectives.
I do not use a strict mechanical system, but I look at moving averages crossover too and I interpret they based in my discretion, Like now
coordinated with a daily chart with a different moving averages set up.
Daily chart set up
https://www.tradingview.com/chart/VEIBUXco/
Industry: Security Software & Services
VASCO Data Security International, Inc., together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity. It offers VACMAN Controller, a host system software authentication platform that combines various technologies in one platform; IDENTIKEY Authentication Server that adds server functionality to the VACMAN core authentication platform; eSignLive electronic signature and document management solution; and IDENTIKEY Risk Manager, a risk analysis solution that provides an approach to fraud prevention.
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