Sagar Nandi
This leisure products value stock is moving up from a low base.

CUE 360° analysis summary

$VSTO is a value stock moving up from a low base and that is followed by Bullish Headwind reversal signals in both weekly and daily chars. Its industry is strong. VSTO may be considered for short-term bullish trading as well as a possible longer-term holding if the stock continues its up move.

All the snapshots are taken around 10 AM EST on 4th Mar 2019. Numbering in the text below follows the marking on the pictures.

IMPORTANT: As the price may move up or down during the day, you may confirm a swing trade setup at or near market close.

CUE Technical Analysis

VSTO CHART 2019-03-04_9-58-01.jpg 
Weekly Backdrop chart template.

1) Weekly displayed a Bullish Headwind reversal signal, showing a reversal might be imminent.

2) Weekly displayed a Bull Release signal, showing that bears were giving up control and bulls were gearing up to move the price upward.

3) This weeks candle (today is Monday) continue to remain bullish (cyan).

Daily Entry chart template.

4) Daily also displayed a Bullish Headwind signal, showing that a reversal might be imminent.

5) Daily confirmed a trend following CUE Go With Flow setup on Friday 1st Mar 2019.

6) Today, Monday 4th Mar, the stock is continuing to go up in the morning session.

CUE Edge Industry Rotation Analysis

vsto edge 2019-03-04_10-00-23.jpg 
7) Real-time industry rotation analysis shows that today Leisure Products is strong and is the best performer in the Consumer Discretionary sector. I had discussed the strength of this sector in my weekly market roundup (posted yesterday). The video is available on the YouTube channel.

CUE Vital Fundamental and Peer Analysis

vsto vital 2019-03-04_9-56-01.jpg 
8) VSTO is a value stock as calculated by CUE Vital fundamental scorecard.
Sagar Nandi
1) I had shared the possible long idea on VSTO on 4th Mar in the morning session with a reminder that a CUE trade setup is confirmed at the close of the market. By the end of the day, VSTO came down and ended the day with a bearish shape candle. Following CUE guideline, one would stand aside from the trade. 

2) As of Friday 15th Mar, VSTO has not given a buy signal.

3) If in the coming days VSTO can go above the Watermark, creating a false downside breakout and then clears the Memory resistance lines, you may look for a buying opportunity. You may use Xenith to set alert for the stock breaking the resistance price level.

vsto 2019-03-16_9-16-04.png 

Disclaimer: This site is for educational purposes only, explaining the use of CUE systems and techniques. It is not for trade advice. Trading involves risk. You and only you are solely responsible for the outcome of your trades.

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