Vringo Inc (VRNG) for Friday 2/19/2016 (d-w-m)

Updated 2/21/16

  For self-motivated individuals doing their own homework, it is YOUR MONEY,  … below you will find select information for highly speculative (less than $5 per share) stock  Vringo Inc. (VRNG) for Friday, 2/19/2016, including daily, weekly, and monthly ( the D-w-m in the title ) charts, with observations and analysis, the Pivot Points, Support and Resistance for Friday, 2/19/2016 as calculated from the changes in Index points through Thursday, 2/18/2016’s close.
  To maintain its Nasdaq listing, Vringo Inc. did a reverse 10 shares for one effective 11/27/2015.    Disclosure  ‘n Disclaimer:   I own shares in Vringo Inc.  (VRNG.O).  I will not be making any changes to my position in the next 72 hours.
For Bulls and Bears: 
  When the “sentiment” scale tips way too far, whether bullish or bearish, that can be measured, analyzed, and used as a contrarian indicator:
  •  (a) if overly bearish, check the fundamentals for buys, …
  •  (b) if overly bullish, check the fundamentals and raise cash
  See the Index charts, analysis, pivot points, support, resistance and more, in my analysis below  (needed on a day like today) for today … sorry, I will have to come back to add additional info to this blog that wasn’t already in my draft.
  •   Reuters current VRNG  quote and more
  •   Vringo’s [  Home ] page
I.  Vringo Inc. (VRNG)    CUSIP  92911N302    Charts, observations, and analysis:
  vrng 20160218
  I. a.  Daily chart 1 above, the Moving Average Convergence Divergence ( MACD ) is bullish.
vrng 20160218a
I. b.  Daily chart 2 above looks at momentum indicators … and all 5 plus the MACD are currently Bullish.
I. c.   Daily, Weekly, and Monthly Chart Analysis
( 1) Analysis of DAILY chart activity through Thursday’s 2/18/2016 close at $1.56
   The current trend is down and all orders on the short side may be considered.   If already holding short positions, look to take partial profits at any retracement to 1.70. Traders with remaining short positions, after profit taking, should consider placing capital conserving stops in the region of 1.76.  Be prepared for a potential short term price rally back to the 1.63  area.
Suggested placement of capital conserving stops:
If Long, exit all contracts at:    1.18
If Short, exit all contracts at:    1.76
 (1.a) Additional daily chart observations:
  • Overall, the bias in prices is: Downwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are trending.
  • Note: this chart shows extraordinary price action to the downside.
By the way, Vringo (VRNG) prices are vulnerable to a rally correction towards 2.28.
  • The projected upper target is: 1.86.
  • The projected lower target is: 1.19.
  • The projected closing price is: 1.53.
Please note: these price projections are for reference only, and can be easily exceeded by Mr. & Ms. Fickle Markets, up … or down. 
 (1.b)  Recent indicator (contrarian BULLISH) suggestions:
  • 2/11/2016  Enter Long Position at Close.
  • 2/16/2016  A Parabolic SAR Buy signal was triggered today!
  • 2/18/2016  RSI Buy Signal
  • 2/18/2016  CCI Buy Signal
vrng 20160218w
( 2) Analysis of WEEKLY chart activity through Thursday’s 2/18/2016 close at $1.56
   The current trend is down and all orders on the short side may be considered.   The current market price activity is Strongly Bearish and suggests favorable trade opportunities on the short side.  If already holding short positions,  look to take partial profits at  any retracement to 2.92. Traders with remaining short positions, after profit taking, should consider placing capital conserving stops in the region of 3.85.  Be prepared for a potential short term price rally back to the 2.55  area.
Suggested placement of capital conserving stops:
If Long, exit all contracts at:    1.18
If Short, exit all contracts at:    3.85
vrng 20160218m
( 3) Analysis of MONTHLY activity through Thursday’s 2/18/2016 close at $1.56
   The current trend is down and all orders on the short side may be considered.   The current market price activity is Strongly Bearish and suggests favorable trade opportunities on the short side.  If already holding short positions, look to take partial profits at any retracement to 7.40. Traders with remaining short positions, after profit, taking should consider placing capital conserving stops in the region of 9.20.  Be prepared for a potential short term price rally back to the 8.02 area.
Suggested placement of capital conserving stops:
If Long, exit all contracts at:    1.18
If Short, exit all contracts at:    9.90
           –   –   –   –           –   –   –   –           –   –   –   –
 III.   Support and Resistance and more for Vringo

Below you will find the 52 week High, Low, and performance, and the Year-to-Date (YTD) performance for Vringo, Inc.  For tracking the trading day’s action, here are the Pivot Points, Support points, Resistance points,  and the 50 day simple moving averages (sma).

  •  If the related index, or stock, is above the pivot point, the pivot point is both support, and an indication that Mr. & Ms. Fickle Markets are Bullish. 
  •  If the related Index, or stock, is below the pivot point, then the pivot point represents resistance, as well as an indication that Mr. & Ms. Fickle Markets are Bearish.
  •  AGAIN, Please Note:  ALL Vringo  projections are for reference only as they can be easily exceeded, up or down, by Mr. & Ms. Fickle Markets.

–   –   –   –           –   –   –   –           –   –   –   –

( 1.a.) Vringo Inc. (VRNG) for Friday, 2/19/2016
Closed 2/18 up @  $1.56  +0.17 (12.23%)
  •   :: Pivot point    1.53
  •   Support (s1)   1.43      Support (s2)  1.29
  •   Resistance (r1)  1.67    Resistance (r2)  1.77
  •   Simple Moving Average (Close 50):  2.00
  •   :: 52 Week High:  9.20    52Week Low:  1.18
  •   :: 52 week performance   -79.48%  YTD performance  -36.84%
 ( 1.b.) Vringo Inc. (VRNG) for Monday, 2/22/2016
Closed 2/19 up @  $2.16  +0.60 (+38.46%)
  •   :: Pivot point    2.04
  •   Support (s1)   1.68      Support (s2)  1.21
  •   Resistance (r1)  2.51    Resistance (r2)  2.87
  •   Simple Moving Average (Close 50):  1.99
  •   :: 52 Week High:  9.20    52Week Low:  1.18
  •   :: 52 week performance   -68.70%  YTD performance  -12.55%
  •   Note:  Vringo rallied above Resistance (r1) and (r2) and closed above its pivot point for Monday … Bullish
           
 ( Check back for UPDATES w/additional Support and Resistance, etc. to be added here)
——  Monday, 2/15/2016 thru Friday 2/19/2016  ——-

 

  •  ( x)   All Links can be opened in a new tab or new window …
  •  ( xi )  I will be returning and adding more related chart info including links to charts with  daily, weekly, and monthly chart analysis

Please read:

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Hope the above Vringo (VRNG) charts, calculations for this Triple Witching options expiration Friday, 2/19/2016  help your investing and trading today …  

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