My bear case scenario for VSCO has the stock dropping to about $5 before heading higher. I will say current price is finding some support (horizontal green dotted line) which if it holds can cause a wedge to form sending us higher.
That being said, I dont think the drop is done. If you are going to buy at these levels it is not a bad idea, but dont go all in and have some cash set aside to continue to DCA.
That being said, I dont think the drop is done. If you are going to buy at these levels it is not a bad idea, but dont go all in and have some cash set aside to continue to DCA.