VTYX- a risky biotechnology penny stock LONG
VTRX is on a 120 minute chart, currently trading at 90% off its ATH and 50% above its absolute
long term support level. Price tried to cross above the long term mean VWAP 3 months ago
but was rejected. I anticipate that in time it will try to so so again. From 3.3 to a target of 9
would be a move in the neighborhood of 300%. I will take a small position long trade here.
This will be highly volatile. I will place a 25% stop loss to give VTRX room to roam for a couple
of earnings periods. Once the price rises 25% I will convert to a trailing stop loss of 25% and
make the then risk free trade low maintenance.
long term support level. Price tried to cross above the long term mean VWAP 3 months ago
but was rejected. I anticipate that in time it will try to so so again. From 3.3 to a target of 9
would be a move in the neighborhood of 300%. I will take a small position long trade here.
This will be highly volatile. I will place a 25% stop loss to give VTRX room to roam for a couple
of earnings periods. Once the price rises 25% I will convert to a trailing stop loss of 25% and
make the then risk free trade low maintenance.
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