Liking what iam seeing here for VAN - cashed up with drilling underway. The legal challenge from a JV partner is in respect to less than 10% of their 1mil oz JORC'd resource currently on the books, so rather immaterial to be honest.
Having a look at the technical setup it looks like it's getting close to making a larger move here.
Once the 200day MA at 13c is cleared it's on here. The MACD crossing back higher above the 0 control line is a good sign, with the stochastics also breaking higher once more. Momentum is building here as the 15 day and 30 day MA are moving in on the share price and 200 day MA, which under this type of setup often sees a squeeze on the share price in the coming days as the share price is forced up through the 200day MA.
Looking for a measure move (depending on where you draw the lower end) to the 17c - 18c region first up.
Picked up a couple on market today & if i can pull some funds from another stock currently in TH, i'll look to add here.
The weekly / medium term setup showing the bigger change in trend underway here.
Interesting to see the 15w, 30w and 200w MA all converging on the ~11.5c mark, with a recent break and retest holding with another move at the recent highs. MACD and Stochastics both trending positively here.
14c looking like an interesting technical point for the stock to clear for the medium term setup, with a lower range test of 8c could see a measure move to 20c play out over the coming weeks ahead.
Volume also nicely increasing over the past few weeks is quite encouraging.
VAN Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
