Two things:
1. The main factor in trading - Psychology. I've been watching the trading in VEC for a good year now, 9 months or so holding it, that 2.7 is a major magnet. It's where it struggles to get past significantly. For some reason which I don't know, someone loves holding the price there to offload. May just be the sweet spot for RVR and the easiest level to offload, or maybe something else. Either way I knew that 2.7 was going to be hit.
2. The chart also shows support at 2.6/2.7.
The thing is with small caps, it really doesn't matter what the company is actually worth, it's what people are willing to risk which determines the SP. Not until they are earning money and are profitable then it will re-rate to its true worth, imo.
460% is very impressive, whatever you're doing, keep doing it haha.
thanks mate, I try to keep it real/unbiased.
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- Day Trading Pre-market Open - 17 Jan 2019
Two things: 1. The main factor in trading - Psychology. I've...
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