$VML - on 200 Moving Average #ASX #REE #VML Vital Metals
EOFY has seen relentless selling.
Bearish however depending on other indicators and market sentiment could see further weakening.
Holders are waiting on news of ore sorter and production, possible offtake arrangements.
Fundamentals have not changed. A medium to long term HOLD at least during this period of consolidation.
Rare Earths is a sector that will pick up so all hope is not lost. Recovery could be swift.
Bearish however depending on other indicators and market sentiment could see further weakening.
Holders are waiting on news of ore sorter and production, possible offtake arrangements.
Fundamentals have not changed. A medium to long term HOLD at least during this period of consolidation.
Rare Earths is a sector that will pick up so all hope is not lost. Recovery could be swift.
Trade active:
A nice reversal here on volume following the FY end.
This is looking to continue upwards and therefore sentiment changed to NEUTRAL with a LONG bias.
This is looking to continue upwards and therefore sentiment changed to NEUTRAL with a LONG bias.