G'day VulcaneersI haven't posted for a long time but have...

G'day Vulcaneers
I haven't posted for a long time but have decided to share a chart that I sent to a friend on Friday mid-session, when I suggested we were on the verge of a breakout over $8, based on :

• likely break of an 11 month downtrend; coupled with
• likely break of Bullish falling wedge; coupled with
• good chance of forning a Bullish reverse haed and shoulders;
• an expected 'higher low' in due course;
• very strong background macro both in the sector and for Vulcan itself following many positive development (see the last Quarterly) including that recent groundbreaking large investment in Vulcan by Stellantis (one of the world's largest auto makers);
• ongoing high performance from a superb management team, very ably led by the dedicated and well-vested Francis Wedin.

Here's the chart that I did on Friday, mid-session. Apologies for the light blue font, which was done for 'dark mode' screen viewing rather than for publication. Next time ...


Very good story, this one. I couldn't resist the logic so I've bought a few since doing the chart.