VNL 3.00% 9.7¢ vinyl group ltd

When looking for technical indicators I use a screener to find...

  1. 6,639 Posts.
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    When looking for technical indicators I use a screener to find stocks with golden crosses. My view is longer period crosses carry more weight, same for longer interval charts like the weekly, so 50/200 EMA golden cross on the weekly is a strong indicator in my opinion.

    I don't necessarily know the fundamentals well about the stocks I'm looking at, but in this instance I'd say the golden cross aligns nicely with the long term progress VNL has made and direction I feel the company is heading in the long term.

    For perspective, the 50/200 EMA cross on the daily chart (below) occurred at 3.4c back in February 2023, so, it's exciting to see the weekly 50/200 on the cusp of crossing.

    https://hotcopper.com.au/data/attachments/6322/6322585-219058f883e2fb47e758a5b3bc5e6016.jpg

 
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