VRSN has repeated peaks at 310 and closed at 307, an ascending-triangle chart that looks very good, so a breakout is expected; a good earnings report soon could push it into a breakout zone, though it may fall back to the 20-day level. Worth watching.
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This is VeriSign. VeriSign will release its report soon. And look at the peaks that appear here at the 310 level. We closed at 307. A good earnings report might push us into a breakout zone .
And perhaps if the earnings report is good, we may fall back to the 20-day level again. But this graph looks very good to me . It looks a bit like an ascending triangle. Therefore, I expect this breakthrough. I think this is a stock worth watching.
Another stock, somewhat similar to the chart I showed you for VeriSign, where we have multiple peaks at the 51 level, and the 51.5 level has been a major resistance. We have dropped, and tested the 20-day moving average again.
If this stock can break above $52 after 6 or 7 months of consolidation, it may start to take off again strongly.