Ann: VELPIC RELEASES VERSION 3.0 OF E-LEARNING PLATFORM-VPC.AX, page-62

First 62 Last

Share
Profile

Follow
ru-serious

1,558 Posts.

44

03/05/16

19:40

Post #: 17667370
Share

Originally posted by sharks37 ↑

Bernsta, I hope so.

Today's close positive in that trading closed at the day's high and this coincided with S/R. On the negative side it didn't close above, and also the volume was lower than average. So we didn't see a lot of supply present itself at or just below the resistance level, but we also didn't see a lot of buying effort willing to bid the price up - perhaps wary because the SP is in an identified downtrend. So all in all today's trading action leaves us looking for some additional confirmation tomorrow. Will investors reading their daily announcements over dinner tonight see Velpic's announcement and decide to jump in tomorrow, or will we see existing punters get nervous that this level is unsustainable - I don't know and will have to wait & see.

What I would like to see, to get confidence we have a reversal, is:

1. more volume coming back in
2. another green candle tomorrow closing above support/resistance
3. price close above the 20 day moving average
4. price breaking out of the downtrend

Will I get those now or have to wait, that is the question...

For now, I am happy that the SME version has been launched, and this will help support sales. I don't expect to see a raft of signings in the next 1-2 weeks, I suspect we will see the benefits in Q3, and happy to wait till then. If it goes lower in the meantime because of the TA, I will buy some more.

Cheers, Sharks.

Expand

Did it get there??

VPC Price at posting: 4.5¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

BUX

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

There are more pages in this discussion • 1 more message in this thread...

First 62 Last

Add HHI (ASX) to my watchlist

Ann: VELPIC RELEASES VERSION 3.0 OF E-LEARNING PLATFORM-VPC.AX, page-62

Top Stories

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

BCI reaches close of funding facility for salt-first part of Mardie project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Featured News