On a 6-month time frame we can see a bounce from the 38.2% Fibonacci Retracement level. But now traders are in an indecisive mood as to where they want to bring VLL. Last Friday’s close showed a Doji candlestick at the 23.6% Fibonacci Retracement level. We have seen resistance at this level few months ago [...]
Looks like those who are waiting for VLL to correct does not have to wait any longer as we see a possible reversal from the current trend. What we are seeing on its daily chart is a Shooting Star that may signify that bears will soon rule the battlefield. This is should be a good [...]
VLL‘s current price may already be high but there is still room for growth as it shows bullishness last Thursday and Friday. Price continued to rise above the middle band of Bollinger Band and RSI and MACD shows a healthy indication of an upward trend. We might see strong resistance at 5.10 – 1.15 range.