VCR ventracor limited

VCR will not trade below 2.66.Chartists have compared vcr's rise...

  1. 5,048 Posts.
    VCR will not trade below 2.66.

    Chartists have compared vcr's rise and supposed fall to that of cmq.

    Prior to CMQ's runup they were trading at 3.50 and after that run it was read from the charts that they would retrace to $5.20 which they in fact did.

    Now, 3.50 multiplied by 1.5 equals 5.25, pretty close to 5.20.

    In VCR's case they were trading at 1.50 prior to their run with their run being identical in percentage to that of cmq. If we multiply 1.50 by 1.5 we get 2.25 but with additional money in the bank of 70+ million which equates to 41c/share (2.25+.41=2.66) and a patient safely at home with one in recovery i predict support at current levels with a high chance of a move higher rather than your predicted retrace to sub $2.

    What i have just posted is more than likely a load of dribble but so is the blanket use of charts.

    Cheers.
 
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