when support beckons....

Hi friends,

This is a purely technical post without consideration of any fundamental aspects that may impact the price, and please ignore this post if you are a fundamental investor or long term position holder who are not interested in short term swings.

By drawing curvilinear envelopes over the price bars of VPG as it falls under profit taking, it is seen that there are two immediate levels of support - one at the midband, and another at the lower bound. As it is the short term cycles which are interacting to pull prices down with the long term cycles still in strong uptrend at this moment of time, my simple speculation at this point is that support should be forthcoming at the midband of the price envelope, which at the same time coincides with the edge of a bollinger band with adaptive zones.

A simple reading of this edge of this bollinger band with adaptive zone pegs the price level at around 0.084 to 0.085, especially if the temporary support of 0.088 fails to hold.

May the best prices be yours,

dascore