Aside from the rare earth thematic only intensifying and the recent capital inject predominately from a very high quality partner with plenty of experience / assistance that can be offered to the company, a look at the technical setup is also quite favourable...
Daily - short term setup
Volume increasing nicely to support the recent move back above the 43d MA and close above the 4.6c / 4.7c levels of resistance. RSI with room to move on its upwards trajectory towards the over bought region + MACD pushing nicely up through the all important 0 control line. Plenty to like about the current move underway, with a buy on weakness stance if provided the further opportunity.
5c being the next target for the short term setup. A close above this mark will see the 5c - 5.5c support / resistance zone in play.
Weekly - medium term setup
A weekly close above the 4.6c / 4.77 levels of resistance opens the door for a run back to the 43d MA at 5.2c, which would also coincide with a positive cross being established in the MACD = very supportive.
VML Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
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