$VELT finally broke through the 50 day SMA on daily and with volume this may give this stock ~40% upside move in the next 2 weeks, before a minor pullback. I initiated a long position at $5 with a stop loss at $4.74, target price is $7.05.
(It is possible this could get more upside in the near term if it manages to break through the 200 SMA)
(It is possible this could get more upside in the near term if it manages to break through the 200 SMA)