When looking at stock charts like Vertical Computer Systems (Stock Symbol: VCSY), we remind you that nothing goes up in a straight line…at least not for very long. Quazimoto is programmed to buy on retracements but when his radar is working, charts like the one below pop up.
According to the website, Vertical Computer Systems, Inc. (VCSY) is a provider of Internet core technologies, administrative software, and derivative software application products through its distribution network. VCSY’s primary Internet core technologies include SiteFlash™, ResponseFlash™, and the Emily XML Scripting Language, which can be used to build web services. VCSY’s main administrative software product is emPath®, which is designed to handle the most complex Payroll and Human Resources challenges.
Seem like they are in a legal tangle with Microsoft.
New price action and increasing volume are always interesting to follow at the very least. A retracement coupled with decreasing volume could generate higher highs, or momentum could push the price dramatically ‘vertical’.