VKA Weekly chart indicates Phase 1 Accumulation sideways movement basically for the past three years. In early January 21 it obviously hit a high of 5.5c which took 9 months to hit from April 2020. We will need a breakout above 1.7c to see the start of Phase 2 of the upward move.
High Date 5.5c Jan 2021
High Date 4.5c Feb 2018
These are obviously pressure point Dates in the market for VKA and with the current drilling we could see some interesting movement in the share price from early January to early February 2025 which will coincide with the current drilling program.
Resistance in the chart at 1.7c, 3c, 4.5c and 5.5c
There has been a cross over of the 12 & 36 EMAs on the weekly chart which is positive
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