(Click On Chart To Enlarge)
The bottom of the wedge came in yesterday at 12.115. The 50-day moving average, at at 12.13. In yesterday's trading, VPHM put in a low of 11.60 at short-term support of the prior two days (11.61 and 11.63, respectively), then made a bid to get above that 12.115 - 12.13 resistance. The high on the session was 12.07, right below resistance. The entire day's session was below the Double Bearish Rising Wedge, but VPHM hasn't given up the fight and currently is between hither and yon: above 11.60 support, but below the wedge, so hold all paramutual betting tickets. LOL.
The upward slope of the bottom of the wedge is 0.135, so we "move the chains" (add 0.135 to yesterday's 12.115), and the bottom of the wedge comes in today at 12.25. VPHM needs to stick a close at that, or better, to regain the wedge.
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