Usually it would indicate a potential reversal.
But given the Dow falling 250 points on Friday night, it may blow this theory out the window. Unless of course, the VPG Powers-That-Be keep the stock steady like they did on 29/10.
16c is still resistance, but personally I think a strong break of 14.5c will see the 16c get mowed down.
I hope I am wrong but I think that maybe tomorrow we will see VPG hit the 12.5c mark again and a probable close of 13c.
We will have to wait and see.
Cheers
Babylon
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