Versarien: BUY

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A “buy” signal has been generated on Versarien stock (LSE:VRS) as there has been a bullish breakout in the market.

The market was bullish in December 2017 and January 2018. Then it became bearish from February 2018 until May 2018. However, this May, there has been a rally that brings about a bullish bias on the market.

Price is now above the EMA 21, and the Williams’ % Range period 20 is in the overbought region. Since the signal on VRS is bullish, further rally is expected.

 

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