I'm not a charting expert, but a quick look at the VYS chart shows several positive signs.
Share price has cross the moving average, upwards.
Share price is trending up.
MACD has crossed and is turning upwards. This is very healthy sign, you see recently it was mostly red, and last week has all been green. We're in the start of new uptrend.
If it keeps trading the way it is, my guess is 50c will be tested and hopefully broken once and for all, and will become the new low. Who knows, it might get to 55c?
However, volume is low. This may not necessarily be a bad sign because this indicates no-one is dumping stock, but at the same time buyers are not re-financing the house to get every share available.
Overall it's still a buy and/or hold, depending on your situation as business fundamentals are still strong, and there's still plenty of growth to come in the business over the next few years. The water tolling is the blue sky that would stick a rocket up the share price.
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