Following up from trading call made last week. Vallianz has indeed traded higher on the breakout to test the resistance at 0.160. Immediate resistance stands at 0.162 level which was the high set last week. Volume remains strong today at TOP 10 and seems likely to test the 0.162 again and any break above can again signal a push to new recent high. Target can be to 0.170 to 0.180 range in the short term.
Stop loss at 0.154. Let’s see if the 0.162 manages to clear out. As mentioned previously, it has kind of broken out of its downtrend by breaking above that critical 0.150.
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