Whilst we wait..., page-2590

@blister

Id love to see 14c by friday lol, however i don't think we are there yet, and I agree with PD7 - Whilst its just my humble opinion - here is why.

- there is no real volume ( the "steam" of SP growth)
+ the volume is growing and we are seeing spikes of 3x Average daily volume which is a big positive (IMHO)
- there is no real news flow as yet - much is pending (IIRC we are still waiting for Arrowsmith NT to actually BE SIGNED - we haven't had an announcement yet and no ML till its signed)
+ there is an understanding of VRX getting out there on the market. AZ88 and the SUVO crew are spending big $$ promoting their story - which in order for him to promote his achievements, highlights the VRX story, So ill take that as good PR
- the charts are "over hot" - huge gap ups on not much volume increase - generally indicates a lack of momentum, and those gaps WILL FILL. RSI, MFI are way high - we need consolidation for a week or 3.
+ we have convincingly broken the resistance at 10c and look set to remain above that point and enjoy the solid support it provides. the recent jump on increasing volumes will have raised some interest on various TA analysts, and is a damn fine indicator of future direction.


in my opinion - Sit back hope for some consolidation in the 10 - 11.5 range, and hope we get a massive leap into the 16 - 20+ range in about 4 weeks.

the numbers to watch are 10c for support and 14- 15c for resistance, hopefully we stay here for a while... and we need volume ( 2 million + 3 days in a row) Everything else is historic - Given the tightly held register, we could blow past 15/16 easily, which is effectively " new blue sky"

Im very confident of those gaps filling - so expect 10.5 in the next few days - possibly in the friday afternoon sell off, but once that's done - next week looks interesting, with very little holding us back.

however as PD7 says " its all about the news flow"

Im happy to go on record as expecting 15c+ by end of september, 25c by new year and $2 in 4 years with maiden dividends of 5c a share in 3 years (2023)

im an investor - not a trader, but i do have a sell order in the high teens - to take advantage of the Spike. I dont expect to pass 15c solidly until ML's are granted.

APO!
as always DYOR - and just my opinion.