Hello @ArielStarr89,
Thankyou very much for taking the time to provide broker data and your thoughts re Vection's chart.
On Friday just gone, an independent research report was released for this stock that valued it currently at 0.12 - 0.20. As you can see there is potentially significant rise needed to reach that valuation. We have also just experienced a Golden Cross which back in 2020 & 21 resulted in spectacular gains in short time. VR1 has come a long way since then and is on the cusp of becoming cashflow positive so a large, sustained rise is absolutely justified IMO.
You mentioned about 'major overhead supply' between 0.045 to 0.05. When I look at volume by price in that area of resistance you hint at, yes agreed, I also see a long time spent trading there, but minimal volume in that window (vs actual volume traded below where we sit now). Most of which has been the past 3 months. With that in mind, I would've thought we now had solid base to push significantly higher with minimal resistance ?
Please excuse chart as I am not at a PC but hopefully you can see what Im getting at. Really keen to learn as to why that would not be the case. Thanks again
VR1 Price at posting:
4.3¢ Sentiment: Buy 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.
(20min delay)