VRSN looks set to take off here. I got stopped out this week for a loss but plan to jump back on the long side on open.
From the long term perspective it has broken out.
On the short term, it looks to have set a bear trap with a failed H&S pattern.
These engulfing green candles are signaling that it wants to break to an all time high. I plan to go long in chunks. 50% of my long position will be on open with a stop at 215. The second chunk when it closes about the 225.40 mark.
These weekly charts are always a nightmare to trade.