Nice end to the week for VMY. Good to see the share price...

Nice end to the week for VMY. Good to see the share price respect the SMA lines and move higher once more for another re-test of the 200 day MA. The last two days in the morning there has been a buyer of 500,000 each day, with their order not being filled today at 6.9c. Will be interesting to see if this continues next week and or they step up their accumulation efforts.

With the MACD above the 0 control line and looking to cross over positive once more, I expect this will coincide with a firm break through the 200 day MA at 7.4c possibly in to next week as the short and medium term MA's converge on the 200 day MA. Usually when this price action occurs, the price move can be quite powerful. The lower indicator being the stochastics has also turn positive off the back of today's price action, suggesting that this trend will continue.

Looking for an initial run to the 9.4c mark, before a continual larger move over time.