Short Term Trading Week Starting: 15 Jan, page-18

STTCOMP VEC, TA Long

(ASX:VECTOR RESOURCES LTD )
SP: 3.7c
MC: $ 51.3m
Cash: $3.5m (approx)
Shares: 1,387,286,491 Top 20 53.9%

See my FA tip for VEC here
https://hotcopper.com.au/posts/30258452/single


Daily Chart

Continuation of up-trend

After the latest run up from 2.2c to a 52 week high of 3.9c VEC has come down and found what seems like new support/base at 3.4c
Buying and selling volume dropping off and price not staying below 3.4c is another good indication that we have a new base for the stock price.
No real resistance in sight as price is just sitting below 52 week highs.
Share price starting to increase which may indicate the start of the next run up after a bit of profit taking/consolidation.
Another day or 2 to consolidate around this area would be good TA wise for some Technical indicators so they don't get cooked to soon.

Price of gold trending up as with the solid FA of VEC will be the driving factors for the continued up-trend