RE:Technical Trading Indicators Looking GoodNot only are we holding above 2.10, the ask is thig most of the way to 2.30 - if we hit a million shares today i see this thing closing close to 2.30. This is the time to hold. Dont be a bone-head like I was with GBLC and sell for a dime what was half-a-buck a month later...
KelownaClown wrote: A couple of key trading indicators should trigger some interest from bots and automatic trading algorithms. Those things get triggered when a stock crosses the 200 day SMA in either direction. On Friday, the 50 day SMA was $1.987 and the 200 day SMA was 2.034. VLNS busted through both of them in the final 30 minutes and closed at 2.10. That should put VLNS on various radars.
It's also worth noting that the share price of the recent bought deal was 2.05 and the fact that VLNS closed above 2.05 on Friday could indicate all of the 20MM shares have been sold. We need to wait and see what happens tomorrow, but if VLNS stays above 2.05 then I'd say it's a good sign the market has mopped up all those shares. If that's the case, then we will be off to the races.
You can find the 21, 50, and 200 day SMA's, on the TSX website:
https://money.tmx.com/en/quote/VLNS/key-data