VLE - Next target1. As forecast on Friday we have a breakout from the ending diagonal pattern, with 5 legs up from the recent low.
2. Resistance at the 2.90-2.87 level at the 200 day MA.
3. Expecting consolidation at these levels.
4. Next target: the start of the ending diagonal pattern at around 4.80.
5. Fundamentals support the TA.
6. Risk to the downside at below $2.00.
AP