TECHNICAL
After spending the better part of the past seven months carving-out a potential rounding bottom, Veritone Inc. NASDAQ:VERI, released in mid-May on meaningful volume and in the process, recaptured its 200 DMA and now finds itself perched comfortably above all of its important moving averages (20/50/200), depicting a technically healthy posture.
In addition, we can also observe from the Daily chart above that the 20 DMA has crossed-up through its 200 DMA with the 50 DMA about to follow.
While congestion; potential short-term resistance can be found in the $10 - $11 zone from last Summer, early Fall, it appears that VERI may very well likely have its sights set on the gap created from last August.
Thus, moving forward, both investors/traders may want to continue to monitor the action closely for if VERI can go topside of the 10.85 level at any time in the days/weeks ahead, such development may just suggest intentions of going after the gap located in the $12 - $14 area.
Nevertheless, while further work remains, VERI finds itself in a favorable technical posture exhibiting decent characteristics and traders may want to keep a close eye on the action moving forward.
After spending the better part of the past seven months carving-out a potential rounding bottom, Veritone Inc. NASDAQ:VERI, released in mid-May on meaningful volume and in the process, recaptured its 200 DMA and now finds itself perched comfortably above all of its important moving averages (20/50/200), depicting a technically healthy posture.
In addition, we can also observe from the Daily chart above that the 20 DMA has crossed-up through its 200 DMA with the 50 DMA about to follow.
While congestion; potential short-term resistance can be found in the $10 - $11 zone from last Summer, early Fall, it appears that VERI may very well likely have its sights set on the gap created from last August.
Thus, moving forward, both investors/traders may want to continue to monitor the action closely for if VERI can go topside of the 10.85 level at any time in the days/weeks ahead, such development may just suggest intentions of going after the gap located in the $12 - $14 area.
Nevertheless, while further work remains, VERI finds itself in a favorable technical posture exhibiting decent characteristics and traders may want to keep a close eye on the action moving forward.
交易结束：到达止损:
$VERI proves why it's important to use stops in trading.
Cut losses and let winners run.
Cut losses and let winners run.
To receive our alerts via email and SMS, join Insider Financial for Free at signup.insiderfinancial.com
We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/