VEEV - One of my favorite plays late 2023 and into 2024 | Healthcare
Price action
- Entire 2022 and 2023 had been moving in range (between 160 and 225)
- Mid range is 193 (and guess where it is now ending 2023)
- Significant gap down on 9 Nov 2023 but has since fully filled the gap as of end 2023
- MA5 has since crossed above MA20 and MA20 is also soon to cross MA50
- On weekly charts, price action has moved above MA50 too (187)
- Entire 2022 and 2023 had been moving in range (between 160 and 225)
- Mid range is 193 (and guess where it is now ending 2023)
- Significant gap down on 9 Nov 2023 but has since fully filled the gap as of end 2023
- MA5 has since crossed above MA20 and MA20 is also soon to cross MA50
- On weekly charts, price action has moved above MA50 too (187)
My plays with optimism
- Any pullbacks I will grab at about 186 (Fibonacci 38.2 and also 50% gap fill confluence)
- Breaking 196 looks bound for 220
- Will sell puts strike 180 and 170
- Will continue to nibble into the counter (building a good base through tactical buys late 2023)
- Any pullbacks I will grab at about 186 (Fibonacci 38.2 and also 50% gap fill confluence)
- Breaking 196 looks bound for 220
- Will sell puts strike 180 and 170
- Will continue to nibble into the counter (building a good base through tactical buys late 2023)
Good luck, all!
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Deposit : Good counter!
AsphenOP Deposit: thank you!