TSXV:VEC.H - Post by User
Comment by
jc257on Oct 20, 2010 3:39pm
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Post# 17589077
RE: RE: people were calling for pull
RE: RE: people were calling for pullThere is always a pull back. But it will be limited for this one.
50 MA will cross over 200 MA soon. Mid-term MACD is really bullish. SP increase is backed by the volume.
Most of all, the uptrend is caused by U price increase.
Large/MID cap U names took off already. So people who missed (or already enjoyed) that run will look for micro/junior cap.
So I'm not quite concerning for a pull back. For some, it is more likely buying opp.
Cheers,
JC