A lot of patience needed, I do see a lot of positive signs for a break out to the upside.
Since November last year VMC is facing resistence at 16.5-17 cents. The longer a break out takes, the stronger the move beyond that level will be. The 2016 30 cent level somewhere in 2018 certainly is posible.
Since February we are making higher lows and in the last cap raise no-one got all the shares they wanted, real buyer support.
And I am wandering if you where to sell at 16.5-17 cents, do you stack the sell side with more than the entire volume traded this week, or would you wait off screen and sell into bids that appear....
Ahh, maybe I am just seeying what I would like to see , but I am truly think momentum is building. Couldn't resist to add some cheap oppies to my holding this week, let's see what Q3 brings... Cheers
VMC Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
, but I am truly think momentum is building. Couldn't resist to add some cheap oppies to my holding this week, let's see what Q3 brings... Cheers
(20min delay)