$VML.ax a rare earths name, breaks out of down trend and setting for a new primary move, RSI shape is ideal, retest is complete, and feels ready, worth a look.
$LYC is a monster leader, $VML is not! However with big momma RE so strong, and VML breaking that trendline, its a pretty reliable tell that news is inbound. Lets see.
Price descending on decreasing volume
The resistance line at 0.057 has existed since 2010
The RSI has failed the uptrend and may descend to 39 before finding long term support.
Overall I am going to wait for price or RSI triggers before moving.
BIG DKN bullflag ther eguys. FUll dimensons the thick lines.
MIn bullflag there should wedge into the corner and pp in a few days. BUt e choppy on the way up, I reckon.
So.. the dom gradient in this guys is tough to see.. had to go dow to the hourly to identifyu it. Think that's correct. ANd that means when she gets through teh dashed line, it should pop and not go back under it.
RSI70 looks nice and high.
bullflag exiting a bullflag.
VML is a stock in the Rare Earth space and I expect it to propel higher. This stock could go up straight from the current level of $0.067 or pull back a bit towards the trendline support around $0.055. In any case, I am bullish VML and am looking forward in taking a buy position. Lets see how it develops.
Please note these are my own notes, by no means trading...
Wave depiction of how this stock might behave and the share price move in the short term to medium term.
A clearance to 7.8c should see test of 52 week highs
Further news should provide the catalyst for a test of 10c
Medium term 12c - 15c is a possibility.
Theoretical prediction only, not financial advice. #dyor
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...
LYC is the leader in the space, and looks strong, but $VML is an advanced North American Junior which has been pummelled, badly. any pickup in sentiment and this should do well. The lift on volume makes this a good signal today for mine. Anything below 5c is a great risk reward proposition.
Resistance at 6c then 7.8c
Positive news flow could be the catalyst to propel the price higher to test 7.8 then 9c
Volume contracting on price.
Watch for a hard break above 6c
Positive opening play with volume after the minor pullback last week. Expecting a push in price towards 7c and beyond.
Technical indicators are lining up, liking the look and shape of the move.
Will look to add to holding on a break above 6.5c as a multiple day breakout is a possibility.
Should grab the eye of traders, investors and institutions.
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