VR1 Chart, page-496

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kiwig

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12/11/21

21:37

Post #: 57543805
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Originally posted by dancingdunza: ↑

Well done to all who stayed strong and believed in Vection. A few shoutouts to @TenX @wobblyboots @davroz1865 @Klue for keeping it real throughout with informative posts.

Chart sums it up!

You can see the cup n handle pattern play out nicely!

Fib retracement from the swing high back in October 2020 to the swing low around July 2021 when the SP was at 5.5c, VR1 today smashes through the resistance at the .618 and .786 levels. Amazing those resistance levels are spot on from the fib retracement. You can see the target 35c if VR1 can smash through 24c all-time high, which based on the sentiment and where VR1 is heading there is a high possibility it could happen before the end of the year.

I had some moving averages on the chart but removed them because it was making it look cluttered, however, I wanted to point out there is now a fair bit of separation between some key moving averages like the 20day and 50day and along with the RSI in the overbought territory, there is a good chance it will retrace before taking the next leg, so if it does I will be adding to my stack. I am long for VR1 so I am happy to continue to accumulate and watch this baby go.

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nice one, thanks for the chart/analysis. imagine if they drop another good ann I’m the near future … they tend to come out of the blue with this company and given how dynamic this space is it could quite realistically happen …

Last edited by kiwig: 12/11/21

VR1 Price at posting: 21.5¢ Sentiment: Buy Disclosure: Held
10 Upvote

0 Great analysis

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