VYS

5.56%

38.0¢ vysarn limited

I’m still wondering if we are seeing the same pattern play out...

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ralom

17,520 Posts.

420

08/04/24

20:49

Post #: 73247054
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Originally posted by slick ↑

What have you got going here Ralom? A nice Aussie mining services company?

VYS....very nice numbers here.

Below is a brief overview keeping in mind that I have zero knowledge of the company nor what stage it is at.

Firstly here's a weekly which I regard as the most important time frame for long holders, displaying the excellent run holders have experienced over the past 12 months or so.
There are a couple of concerning signals that the chart is sending out regarding the immediate SP direction and I'll try and explain it clearly.
The SP broke out to the positive in September '22 (circled blue) where the SP trades above the bollie median line keeping in mind that while it's above that level the SP is always going up. It tested that level Feb/ March of 23 (blue circle) and again in Oct '23 but just kept bouncing off it to new highs. Just superb!
But here's the thing, since Feb of this year it's tested it again and unfortunately fallen through it. (red circle).
Unfortunately this indicates that the buying has become exhausted after a fantastic re-rate and holders may be closing out. MACD turning strongly negative supports this theory. (red lower chart). You can also see the red 50ema beginning to roll over. You really don't want to see the SP fall through that level but we can discuss that IF it happens.

Currently on the daily you're really just seeing a sideways pattern (kind of like a consolidation) with no real indications of any change of SP direction. Momentum is sideways for the time being. I think that the key numbers are .225 and .295 as that's an established range. Anything outside of that then we need to assess.

Not sure I'm telling you anything that you didn't already know Ralom but hopefully someone gets something from this. Happy to be corrected on anything from the above, we're all here to learn

Cheers

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I’m still wondering if we are seeing the same pattern play out as was between Sept - Nov last year .
A 10c or so rise occurred after that retracement .
28c close looks ok to me

VYS Price at posting: 28.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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(20min delay)
Last 38.0¢		Change 0.020(5.56%)		Mkt cap ! $159.0M

Open	High	Low	Value	Volume
36.0¢	38.0¢	36.0¢	$117.0K	319.0K

Buyers (Bids)

No.	Vol.	Price($)
1	5000	37.0¢

Sellers (Offers)

Price($)	Vol.	No.
38.0¢	10362	1

View Market Depth

No.	Vol.	Price($)
1	5000	0.370
1	49315	0.360
1	2941	0.340
1	47761	0.335
1	25000	0.330

Price($)	Vol.	No.
0.380	10362	1
0.385	30000	1
0.390	73561	4
0.395	2500	1
0.400	87050	3

Last trade - 16.10pm 26/07/2024 (20 minute delay)

VYS (ASX) Chart

I’m still wondering if we are seeing the same pattern play out...

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

ASX Market Open: ASX200 to rise for Friday session | July 26

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Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

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I’m still wondering if we are seeing the same pattern play out...

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Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

ASX Market Open: ASX200 to rise for Friday session | July 26

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

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Featured News