VNP, 5NPlus update

vnp may 5 2012

On the 24th of April we recommended buying this stock. It hit a low that day of $2.85. The next day it went even lower to $2.83 but now it is up by 40+ cents so perhaps it has turned. Wave 4 of previous degree is always the first target, either of a corrective rebound or a new bull market. In this case a triangle of minor degree with its highest point at about $5.50.