VEN 0.00% 0.9¢ vintage energy ltd

charts and analysis

  1. 12,595 Posts.
    lightbulb Created with Sketch. 2563
    took a look at the year chart.

    Here's my thoughts.

    There is really no resistance overhead to around 16c, so this selling looks to me like someone is capping it.

    At 8c the MC is only $24m, while a stock like EXR is currently at $70m.

    Therefore even a 100% up from today at 16c will only mean an MC of $48m.

    Looks like we have alot of catching up to do!!

    ven chart.PNG
 
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