VPHM - Two Bearish Rising Wedges

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Chart #1: After VPHM broke out of a 10-month Ascending Triangle in early June, it put in a Bearish Wolfe Wave and came back inside the Ascending Triangle. However, it didn't break through the bottom of that pattern and subsequently went on a Parabolic Rally of 62% from late July to the early October top.

Parabolic rallies (a rally that is pretty much straight up, without stopping to form an area of consolidation to digest the gains) often result in a Parabolic Return to the area where the stock went parabolic, as VPHM did after it broke down below a H&S Top.

Chart #2: Off the October 10 low, VPHM has put in two Bearish Rising Wedges. The second (in red) broke down after a gap down from 12.57 (sorry, the chart says 12.59. It's 12.57). Pattern breakdowns and gaps often get retested. VPHM recovered on Thursday and closed back inside the Rising Wedge. On Friday, VPHM continued higher in an effort to close the 12.57 gap, but made it only to 12.42 before sliding and closing back below the Rising Wedge for the second time.

I'm considering this one for a short if it rallies back toward the bottom of the wedge, which currently is at 11.98. Stop: above the 12.79 high of November 10, the day before VPHM gapped down and closed below the wedge.