VSTM Wave completion + other concurrent price action

VERASTEM INC
NASDAQ:VSTM



I’m long 500 units VSTM             given the completion of the wave cycle + concurrent daily close above .38 fibo AND minor support from the initial trend reversal line established back in March.

Be careful though, fundamentals are fairly weak with this small cap company failing to produce a profit. Stop loss set tight at around 1.8. 5 year target at $15+. Short term, I expect to see $5/share, hopefully by the end of the year. Assets alone value over $2/share, so for me, it’s a moderate risk.

My first day here at TradingView, cut me some slack :-D Any input would be greatly appreciated.

Source: StockSetups