TSXV:ART.H - Post by User
Post by
montanna4on Sep 24, 2009 8:29pm
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Post# 16336965
savoie called it right
savoie called it right
VST had a great run recently breaking out through the 65 cent range and soaring to over 90 cents at one point. This one is now reversing here as it is due for a pullback. See back at my post on September 2nd showing the confirmed breakout candle. This was the start of the run up and we see volume picking up nicely. See chart below for up to date analysis:
Notice the breakout as I mentioned back on September 2nd. Then we see a great run up with huge volume on the long white candle day. At the top we see a reversal doji candle. These candles are usually a strong indication of a reversal and in this case is very bearish. Followed by the hammer black candle which breaks the last level of support, we may be in for further downside. The pink circle is the range you should be buying. There is stronger support here and it's where the last breakout occured so look for strong resistance around here. Get ready to pick up shares around this level for the next run up which will probably break through 90 cents and higher. This is an exciting play, keep it on your radar.