Neo

$VRA (Vera Bradley) has been inside a multi-year descending wedge since 2021 and it's now pressing against the first real resistance level worth watching. Here's the full price structure on the weekly chart: Resistance:$4.94 - $6.25 - $8.35 - $11.76 Current Price: $3.53 Support:$2.84 wedge floor / last line of defense The descending wedge has been compressing price for over 4 years. Current price is right at the $3.53 level a horizontal reference that has acted as both support and resistance going back to 2019–2020. Weekly RSI is also deep in oversold territory and beginning to turn. That alone means nothing but when it aligns with a defined structural level inside a long-term compression pattern, it's worth noting. What changes the picture: a weekly close above $3.53 with follow-through shifts the structure. From there, $4.94 is the next level to clear before any meaningful recovery gets going. What keeps it bearish: failure to hold $3.53 on a closing basis puts $2.84 back in play the lower boundary of the wedge. The chart alone doesn't tell the full story here. There's a fundamental case developing behind the scenes as well new leadership, brand restructuring, and a debt-free balance sheet with real assets. But the chart has to confirm first. Full breakdown on Holistic Traders. Link in bio.