Trader's Logbook

If price of VITA will gap up at the opening and stay above the 50% Fibonacci Retracement level with good volume then it may reverse its trend. As we can see on the latest price movement and volume it shows that traders are not interested on this stock. It is evident on the number of trades last Friday which was only 22 and volume is thin. Sell signal can also be found on the MACD. Vita is a stock that goes up high in a day and will drop and go sideways for few days or weeks so if you ride late there is a greater chance you will incur paper losses that takes time to recover.

Caveat!