Have cleared above the 0.050 resistance after call issued yesterday, did you participate live? NOW AT 0.053 !
From previous sell call, Vallianz has indeed traded to a low of 0.040 before we seen some support and consolidation. Has been trading sideways from 0.040 to 0.044 for more than a week and today we have seen a rebound above 0.044 – 0.045 immediate resistance which can open the way for more short term strength. Target to 0.050 for now. Any clear breakout above 0.050 can pave the way higher to 0.060 which was originally the support level last month where it broke down from. 0.050 also coincides with the SHORT TERM 20 DAY ma line so any crossing above can see some momentum coming back. However do not that trend still pointing down as in the case since mid of last year so have stop loss to protect positions.
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