$Vertiv Holdings (VRT.US)$ 85.125 this is the upper resistan...
$Vertiv Holdings (VRT.US)$ 85.125 this is the upper resistance and or potential breakout for vrt. it has not been at this teetering point for months (July 9) it's always traded in the lower third channel and in the past week it has really caught fire so it's clearly under significant accumulation by institutions right now. the real question is can it break through ???
it's a total coin toss at this point. we have no economic data tomorrow which is good news. next week is the Fed so potentially we could break through and see how it is low 90s or we're going to immediately reverse and you'll see four or five points come off of the stock. if you have a nice profit my suggestion would be to either sell a call at this point against it to protect yourself from a downside standpoint that's number one. number two would be to sell half of your position leave the other half in case it does break out if it pulls back you'll be able to buy more on weakness
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36 yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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