Or it could be an indication of a large number of stops below the support and just needs a push from someone with enough capital/shares to short it and clean up.I am quite bearish on the prospects of the V SS, based off of what we saw in the F SS. I have confidence they will have the numbers to progress to a PFS but the question is whether there will be enough detail in the SS to satisfy the market to give an indication of probability of getting to production.
In terms of TA the indicators are telling me the recent upward trend is running out of steam. OBV is flat, stoch is crossing back under. We are riding the 20ema. I am expecting cyclical behaviour (with the next direction being sell) until the SS is released.
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