What a difference a few weeks makes hey. 3 weeks ago shares had finally looked to have broken a long down trend. Sellers were extremely scarce and almost non existent whilst buying support was solid. Only weeks later shares are back to all time lows in what has been positive markets. Sellers now flood the screen with almost 700,000 shares to sell at various price levels. Hartleys flood market with sells dumping somewhere around 1.3 million shares in last week or so and buying strength completely disappears with support levels even back at historical lows close to non existent. its as if somebody has been winked at that things are not well. Twitter site updated a few days ago about a 30km piping project which was positive but other than that the momentum has completely disappeared whilst most other companies have continued to push higher well above the lows they went to. Except Valmec. No reason to lose faith so why am I ?
VMX Price at posting:
16.0¢ Sentiment: None Disclosure: Held
