Victorias Secret & Co. (VSCO) Based in Ohio, USA has recently seen a dip in asset value to $16, but recovery could be imminent.
On the 1 Day chart both a bullish RSI divergence and CVD divergence seems to be forming. The DMI appears to show the bearish directional movement is slowing, and the ADX still remains above 20.
In march Insiders were reported to have purchased 1.92M shares. Conversely only 20,000 shares were sold by Insiders (Robinhood Analytics). Insider activity may indicate undisclosed company confidence.
The order book shows a decent number of open interest for $25.00. Subsequently this price target is located near key resistance areas that in my opinion, price will most likely touch in the near future.
Earnings are set to be released in May and traders and institutions may begin to price in fundamental factors before the report.
Given the above technical and fundamental signals, insider activity, and approaching earnings report. My hypothesis is bullish with a price target of $25.00 before 06/20/2025.
Will tariffs and politics stop VSCO's upwards movement? Or do the technicals and Insider moves signal a current discounted buy?
Disclaimer: Not financial advice.
On the 1 Day chart both a bullish RSI divergence and CVD divergence seems to be forming. The DMI appears to show the bearish directional movement is slowing, and the ADX still remains above 20.
In march Insiders were reported to have purchased 1.92M shares. Conversely only 20,000 shares were sold by Insiders (Robinhood Analytics). Insider activity may indicate undisclosed company confidence.
The order book shows a decent number of open interest for $25.00. Subsequently this price target is located near key resistance areas that in my opinion, price will most likely touch in the near future.
Earnings are set to be released in May and traders and institutions may begin to price in fundamental factors before the report.
Given the above technical and fundamental signals, insider activity, and approaching earnings report. My hypothesis is bullish with a price target of $25.00 before 06/20/2025.
Will tariffs and politics stop VSCO's upwards movement? Or do the technicals and Insider moves signal a current discounted buy?
Disclaimer: Not financial advice.
Trade attivo
VSCO up 9%!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.