Stock Watch for October 11, 2019



 Today, VRCA gained 6.65% to 15.08. By the looks of the chart and backed by a strong closing price, the stocks could continue to head north in tomorrow's trading session. If you look closer, there could be a 1-year cup and handle forming with an ascending triangle serving as a handle. A break above the neckline or around the 15.73-16.00 marker could drive the price all the way to the next area of resistance around 17.50-18.00. In any case the stocks drop, the immediate support could be 13.80-14.00. 


REAL has been on my stock watch list since last week and could also break out from a cup and handle formation soon. It closed strong today with a 6.12% gain. Right now, the stocks are trying to breach the 22.50-23.00 area of resistance as seen on the chart. A successful break from that could drive the price to the next marker at 25.00. On the flip side, there could be a good stronghold at 20.00.


Chart-wise, FRAN looks to have broken out from a symmetrical triangle today with decent volume and a strong close. The stocks could continue to ascend and retest the recent high at 19.49 which also happens to be the neckline of a 1-year cup and handle formation. If that gets cleared out, the next price mark could be 24.00. In any way the stocks decide to head south, the immediate support could be 15.50 then 14.00 after that.