VBA virgin blue holdings limited
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I am no chartist but price seems to be bouncing around inside a...

  1. marke
    34 Posts.
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    16/04/10
    11:06
    Post #: 6581644
    I am no chartist but price seems to be bouncing around inside a symmetrical triangle suggesting a break out is due either up or down.

    On the bearish side, price has fallen through the 15 and 30 SMA and is touching 45 SMA. To state the obvious, the short term trend is also down... BOL is also tightening.

    I guess we are due for a strong break out in either direction... especially given recent volume. Any other more educated views on the chart?

    VBA Price at posting: 68.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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