re: technicals I hold this stock and have been in it since 2001. I just dont like the way it rises though. I prefer gradual rises and not steep ones.
From a TA view - candle sticks - A doji close. Meaning indecision between buyers and sellers. Hence the probability of a reversal is high.
From a fundamental point of view - There is a long way for this to reach its potential.
THe move we had in the last few days are day traders just having a party. Ideally I would have preferred if the run stopped at 1.70. But this is information driven as well so who knows what it will do. My prediction is a retracement.
- Forums
- ASX - By Stock
- VCR
- time for a retrace?
VCR
ventracor limited
time for a retrace?, page-8
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)