The chart above shows how VXX
dropped after the SELL
signal which was issued on 8/11/2014. Since then, the stock price edged down by a hefty 13.84%. This brutal bear move, however, may be over now. Our system verifies this change of mood by issuing a BUY
signal. The BULLISH HARAMI CROSS
pattern that led to this bullish signal indicates that there is an upside potential of 9.25%. The signal has just been issued, so it is not late at all to throw the dice for a possible run-up. The overstretched correction seems to be over, at least for the moment. It may be the right time to join the bulls who started to show a reinstated enthusiasm for this stock.