Aug. 11 at 5:50 PM
$VERU Position update/technical layout:
Not a new name here. Initiated my core exposure back in the mid-
$2 s and aggressively added on that recent dip into the
$2.20 zone to lower my basis.
The technical posture is resolving to the upside nicely. Price has cleared and is holding above its 200-day SMA (
$2.51), with indicators expanding out of the base as the structure solidifies.
I expect a move into a 3-handle in the near term, followed by an eventual push into 4-handle territory as the multi-month structure unwinds.
Key Technical Targets (as marked on my chart):
• R-1 / PT1:
$3.26
• R-2 / PT2:
$4.49
Risk is strictly defined at the base... now just letting the setup work. NFA. Please do your own DD.
