Omega Kapitau commented on a stock · Nov 29, 2024 20:39

Pre-market breakdown

To estimate the target level for VST, we can identify potential levels using common methods like technical analysis.
1. Immediate Resistance Levels:

• The previous close was $162.66, which could act as an immediate resistance.
• If the price breaks above this, the next resistance can be identified from historical price movements.
2. Fibonacci Retracement Levels:

• If the stock had a significant prior move, Fibonacci retracement levels could indicate likely target areas. Without more data, I recommend watching key psychological levels, like $165 or $170.

3. Volume-Driven Breakout:

• If pre-market volume continues into the regular session and the stock surpasses $162.66, $165-$168 could be reasonable near-term targets, provided the momentum remains strong.

4. Psychological & Round Numbers:

• Traders often set targets at psychological levels like $160, $165, or $170, so these can act as milestones for price movement.

Summary

If VST breaks $162.66 with strong volume, the target levels could be $165 (short-term) and $170 (if momentum sustains). Monitoring resistance and volume during the trading session will confirm whether these levels are achievable.