clair097

Vitarich Corporation VITA is potentially forming either a Bullish Cypher  or  Bullish Shark harmonic pattern. The breakdown from 1.7 (B leg on the chart) gives it a higher probability of completing the pattern. *Major support around 1.28 Trading Plan - Only initiate a trade on completion of appropriate harmonic pattern and a reversal confirmation after hitting the corresponding PRZ area (Potential Reversal Zone).

Vitarich Corporation The declining volume on the uptrend rally of VITA is not a good sign. Rising volume is associated with the big boys buying and selling, so when the market is rising on increasing volume it is assumed the big money, also typically considered the “smart money”, is buying.  When the market is rising while volume is declining the implication is the big money is not the one buying, more likely slowly exiting positions. *Stochastic at extreme overbought level (95+). *RSI is also at overbought territory and potentially developing a bearish divergence pattern. Trading Plan - Start scaling down position or profit run with a tight trailing-stop. - Take profit on strong reversal patterns with confirmation.