VNL 2.06% 9.9¢ vinyl group ltd

Looks like if we have a green day tomorrow we may finally be out...

  1. 154 Posts.
    lightbulb Created with Sketch. 85
    Looks like if we have a green day tomorrow we may finally be out of this wedge. I've been following this for the last month or two (the share price has traded within that wedge for the last 10 months!!!!!), not for trading reasons as I'm a long term holder, but more for interest to see if I've got my novice charting right yet. Two days ago I had a mini heart attack when it broke down below the support line, bitting 5c, but look at today, with one day to go before the wedge closed and that uptrend support line was hit again. I think that's why we might have seen some more action today, with the traders coming in on the forum too. Maybe they've got a similar chart up and seen that we're right on the breakout point. Happy times ahead. Traders will win in the short term, and long term holders will hopefully win much bigger in the long term! ;-)

    Would love to get any feedback on these charts from anyone that knows what they're actually doing. Felt like I was just throwing in the rod and seeing what fish caught on!

    https://hotcopper.com.au/data/attachments/3338/3338149-217dbc63b61aee05dff8d84e7bbe5ab5.jpg
    https://hotcopper.com.au/data/attachments/3338/3338152-54408ff2be220644ea9abe11f5a91cf9.jpg
 
watchlist Created with Sketch. Add VNL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.