Strong consolidation before the breakout
Published: Tue, 02/21/17
 SMS alerts can make the difference between a profitable trade and a missed opportunity. Text “alert” to 97000 to receive our instant, reliable and free SMS alerts. Good morning all, VRSSF is off to a decent start this morning, currently up 4% on the day. Dip buying has paid off, and with the "flagging" chart and support that appears to be locked in, we think buying on the dips could continue to pay off well in the coming days. Don't be fooled by the small gains today. When VRSSF is ready (and we think it will be sooner rather than later), it will run big, mark my words. So, get VRSSF on your radar now, read my analysis below and do you own research. Finally, go out and trade today. All the best. SmallCapMomo.com -------------------------------------------------------------------------------------------- Hello fellow investors / traders, Last week we gave you a solid 60% winner, and this week I'm eyeing more solid trade ideas.
Today its all about the breakout chart and investor buzz. VRSSF is our focus today. VRSSF has had a recent surge in volume and price. It closed Friday at $0.40, and has a recent high (and some resistance) at $0.44. A breakout through this 52 week high level could be major. And there's a good reason why VRSSF is attracting so much attention. Versus Systems (VRSSF) is a new player in the red hot eSports space, joining major players Electronic Arts Inc. (NASDAQ:EA), Activision Blizzard, Inc. (NASDAQ:ATVI), and Tencent Holdings Ltd (OTC:TCEHY). The key recent catalyst driving the action is the company’s announcement that its proprietary prizing platform will be integrated into Valhalla Games Studios International Ltd.'s "Devil's Third Online", in development as a free-to-play launch for PC. According to the company’s release, “The Versus prizing platform allows video game developers and publishers, as well as advertisers and brands, to provide in-game prizing to game players and spectators. VRSSF takes advantage of an eSports landscape that Deloitte Consulting expects to grow at a 94% CAGR through 2018, as well as an in-game advertising market that could reach over $7.5 Billion annually in the U.S. alone. VRSSF offers prizes to players based on their in-game achievements and behaviors - prizes including gear, apparel, cash, concert tickets, downloadable content, and more. DLC represents another high-growth opportunity for video games, generating over $30 Billion annually.” VRSSF frames itself as a company developing a software platform that allows video game publishers and developers to offer prize-based matches and tournaments of their games. This proprietary technology is being integrated into select games that are planned to be in market in early 2017. The company also recently announced some major speaking engagements for its CEO Matthew Pierce... UCLA Anderson PULSE Entertainment, Sports & Technology Conference Matthew Pierce, CEO of VRSSF, and a UCLA Anderson School of Management MBA, graduate of Stanford University, as well as current entrepreneurship lecturer at UCLA and UCLA Anderson, was tapped for the Future of Content panel discussion during the 8th annual PULSE conference. He was joined by executives from Fox, A&E Networks and KPMG in a discussion about the intersection of entertainment, technology and data. The PULSE conference also featured CEO and Chairman of CBS Les Moonves, Los Angeles Dodgers CEO Stan Kasten, and CEO of Def Jam Recordings Steve Bartels, [a]list summit: Competitive Gaming & eSports The fastest-growing media segment is competitive gaming and eSports, a market opportunity Pierce and the Versus team seek to expand on behalf of all game developers, publishers, brands and gamers. The 14th annual [a]list summit brings together experts from this innovative media segment to educate marketers on how to engage and learn from experts in the space. Pierce will be discussing how brands can leverage competitive gaming's worldwide millennial and younger audience in the Reaching the Global Gaming Audience panel. [a]list summit will also feature speakers from Amazon, HTC, Blizzard, Coke, and TBS. You can learn more about VRSSF at their website http://www.versussystems.com/ As you can see there is plenty of buzz surrounding VRSSF right now. It appears to be a growing company with an all-star team, led by Stanford graduate and UCLA lecturer Matthew Pierce, and operating in the fast growing e-sports industry. And the chart is hot too. We are at key breakout levels here, if it can move past its recent 52 week highs we could see a short squeeze in addition to momentum traders jumping in. Now its time to get ready for the market to open. SmallCapMomo.com --------------------------------------------------------------------------------------------------------
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