VML 25.0% 0.3¢ vital metals limited

Amigos, let's have a look at the recent chart activity of VML....

  1. 2,799 Posts.
    lightbulb Created with Sketch. 1702
    Amigos, let's have a look at the recent chart activity of VML. Now I know charts may drive some people to drink, but let's push on regardless and I offer my apologies to anyone who is aggrevated. Vital's shareprice seems to show an Elliot wave pattern has occurred over the last 6 months. If you are not sure about the Elliot wave pattern, then check it out on WIki and look at Chart 2 below. Basically the Elliot Wave Pattern is believed to occur because of oscillations in collective human confidence levels (i.e., successive waves of optimism and pessimism ). Amazingly, Vital's shareprice from October to April has had a standard Elliot wave pattern - 5 moves to a peak at 5, followed by 3 moves to a trough at C. Now we find ourselves recovering from the down turn at C. What amazes me about that shareprice activity is that it has occurrred while the world has gove to hell in a handcart. (We may be recovering from C-19, but only time will tell.) Also, we could ask: is Vital's shareprice entering a new Elliot wave pattern? Time will tell, so strap yourself in for the next 6 months. IMO we need patience and guts, amigos.

    Chart 1 (below): Vital's Shareprice whch shows the Elliot wave.
    https://hotcopper.com.au/data/attachments/2161/2161391-879f229d5be688d4eebaa7ccf5b8c75d.jpg

    Chart 2 (below): Standard Elliot Curve for a bullish run that ends in a downturn in sentiment.
    https://hotcopper.com.au/data/attachments/2161/2161353-9020b1ee703d87b854358d9b3d347535.jpg



 
watchlist Created with Sketch. Add VML (ASX) to my watchlist
(20min delay)
Last
0.3¢
Change
0.001(25.0%)
Mkt cap ! $14.73M
Open High Low Value Volume
0.3¢ 0.3¢ 0.2¢ $40.75K 16.27M

Buyers (Bids)

No. Vol. Price($)
89 100917298 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 19018376 39
View Market Depth
Last trade - 15.57pm 28/06/2024 (20 minute delay) ?
VML (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.