VECO had several clear tests of a horizontal resistance area. We got a nice breakout above resistance, and are setting up nicely for a nice breakout. There is another element to this particular chart which I like and tend to find reliable in terms of price targets, and that is the gap down area. VECO had a solid gap down in August. Often when prices breakout into the gap area they will fill the gap area or trade back up to the price it gapped down from. So we will watch and see how it unfolds.
And that is a classic gap fill. Stock broke out right to the top of the gap. Thats it for that trade.
