As shown below verge has been reacting to the 236 fib ma very well in the past.
It is current at that moving average which acts as a very good support.
If it does not hold and breaks throught, im looking at 325~ ish to hold next.

https://www.tradingview.com/x/AfWnnUid/

In the picture below we also notice a very low rsi together with a bullish macd divergence

https://www.tradingview.com/x/GCgAuZyj/