Correction looks to be in it's last stage here as the majority are throwing in the towel and giving up, Company is operating in areas tied in with macro trends and should benefit well over the next 3-5 years.
NEWS CAT
30 Jun - Good sales update min TCV of $19mil cash in bank.
Lower volume play so caution is key here. Not my fav setup as the candles are not full and kinda gappy which kinda indicates its thinly traded.
Option A or Option B..
The trigger is a breakl of falling resistance line and confluence is the stock getting back above vwap, 10 day ema on 5min chart...
Vection Technologies (asx.vr1) - XR/VR/AR
Cup and Handle Pattern forming, the price target is taken from the depth of the cup and added from the top neckline of the cup. Price target shy of the all-time high back in October 2020. Watch for the break above 11.5c for confirmation.
Vection is having a nice run further enhanced by its recent entry into the Facebook Oculus Independent Software Vendor (ISV) program and the launch of their Mindesk 2020 product. Current demand for the stock seems to be there with 414 buyers for 19,664,418 units vs 113 sellers for 6,663,548 units. Could be worth a watch.
