Back to $1.40 / $1.50 ?, page-3

First 3 Last

Share
Profile

Follow
watchthisrise

853 Posts.

195

22/11/23

17:24

Post #: 71049687
Share

Originally posted by watchthisrise: ↑

So where to now?

$1.40/ $1.50?

Lower maybe?

It's unfortunate that freedom of opinion isn't being given that Honorable respect that it deserves here on the VMM threads.
It seems, anyone with a remotely negative view gets fired upon with a barrage of insults.
Hopefully we can start off fresh with a new thread and exchange some constructive info.

Buying volume has been exhausted as the SP trickles its way down toward the Daily 20MA.

Today's candle is a doji closing at exactly yesterday's low

Today's doji high also found resistance at yesterday's close

To me, not a good sign if you're going long.

On the Hourly,

the 20 MA (Now Resistance) was tested just before the close.
Most likely IMO from those FOMO on the possibility of news tomorrow.
IMO, VMM's statement of further news in the ''Near-term'' doesn't strike me as a rush for results by year's end by any means.

IT'S A DOWN-TREND

Expand

The tricky thing in attempting to predict the low of a pull-back for VMM is that the SP hit blue sky.

So where do we have support (apart from MA's, which can be discussed in due course).

Supports:

$1.45 (Not sure this can be called support though as it's only 2 Daily candles)
$1.16
91c
62c

I would be interested in hearing from the TA experts on this one.

VMM Price at posting: $1.94 Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

Reply