Price Target & Entry Point:
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Current Price: $80.73 (March 26, 2025)
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Potential Buy Zone: $78 - $82 (if support holds)
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Short-Term Target: $90 - $95
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Stop-Loss: Below $78
Technical Analysis & Outlook:
VRT has shown signs of a potential short-term rebound following a period of decline. The most recent buy signal was triggered on March 14 at $87.41, and since then, the MACD has continued trending upward, indicating improving momentum.
The RSI at 48.8 suggests the stock is neither overbought nor oversold, but it may provide a better entry point if it approaches the 40-45 range. If the stock holds above the $78-$80 support zone and MACD remains positive, a near-term bounce toward $90-$95 is likely.
Investment Strategy:
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Aggressive traders can consider entering near $80-$82 with a stop-loss below $78.
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Conservative investors may wait for confirmation of strength above $85 before entering.
A break below $78 would invalidate the bullish setup, while a move above $90 could trigger further upside momentum.
Updated VRT Technical Analysis: Price Drops Below $78
Since VRT has dropped below the key support level of $78 and is now at $77, this changes the risk-reward scenario.
Key Considerations:
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Break of Support ($78) → Bearish Sign
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The breakdown signals continued weakness, invalidating the previous buy setup.
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This could trigger further downside, possibly testing lower support levels.
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Next Support Levels to Watch:
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$75 → Psychological level and minor support.
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$72-$73 → Stronger historical support zone.
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$70 → Key long-term support; a drop below this could mean a prolonged downtrend.
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RSI & MACD Confirmation:
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If RSI enters oversold (<30), a short-term bounce could occur.
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MACD still in negative territory indicates momentum favors sellers.
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Trading Plan Adjustments:
✅ If already in the trade: Consider cutting losses below $78, as the previous support has failed.
✅ New Entry Strategy:
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Aggressive traders: Watch for a bounce from $75-$73 with strong volume.
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Conservative traders: Wait for price action to reclaim $78+ before re-entering.
🔴 Bearish Scenario: If VRT breaks $72, expect further downside towards $70 or lower.
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