VUL 9.52% $4.60 vulcan energy resources limited

Ann: $200m Letter of Support received from Export Finance Aust., page-40

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  1. 776 Posts.
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    In this environment Good news is received by the market pummelling the stock unfortunately. I had bought into VUL a month or so back around 3.3 based on tech analysis of charts and saw the relentless selling pushing the price down to 2.62 when I threw in the towel and got out waiting for a better entry point to buy back in. Tech analysis still says a reversal is on cards as the divergences on all time scales is so strong, but if the markets keep tanking, I reckon $1.31 beckons :-( If VUL can close above 2.71 by end of next week, we may see it get back to 3+….right now, I dipped my feet back in at 2.27 with a small stake….
 
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