VMS 11.1% 1.6¢ venture minerals limited

sp technical analysis , page-30

  1. 1,459 Posts.
    how much of a reversal do you think VMS will see in little more than a week when the brokers have stopped selling their losses to make a tax gain?

    Newminer1000.



    Assuming it is tax loss selling and not a wider market correction, then if it manages to rebound from 27 it needs to close above 32 and hold it, to confirm a reversal.

    If not next leg down will take it to lower 20's.

    All Of Course I.M.H.O.

    LINK ► VMS Chart Update

    However as Strong pointed out Tin has taken a big hit if the price doesn't bounce convincingly from 24k then the next stop is 20k and if that goes 18k

    LINK ► Tin Price Support Levels

    If it goes that low, then the PFS figures will start to look crook and the share price will be re-rated accordingly.
 
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