NASDAQ: VRSK delivered good quarterly results, yet price action showed a sharp flush-down bar breaking below the lower Bollinger Band. Recently, price retested the key previous low level at $262, triggered some small stop-losses, and closed back at $262 with a bullish small pin bar. Double bottom setup on VRSK.
Key factors supporting this level:
1. Flush-down move likely to stop out weak holders.
2. Break below lower Bollinger Band, indicating short-term oversold condition.
3. Stochastic oversold and attempting a bullish cross.
4. Bullish pin bar closing back above support.
Key factors supporting this level:
1. Flush-down move likely to stop out weak holders.
2. Break below lower Bollinger Band, indicating short-term oversold condition.
3. Stochastic oversold and attempting a bullish cross.
4. Bullish pin bar closing back above support.
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Disclaimer
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I follow price, not predictions.
Trends speak louder than opinions.
Follow me to stay updated with my latest trade setups.
Trends speak louder than opinions.
Follow me to stay updated with my latest trade setups.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.