In reference to our previous take on VITA Bearish trend on VITA seen (weekly chart) our weekly chart showed us another red finish. It went down by 8.55% If those who took a chance on VITA last week have only moderated their greed then they might have ended with considerable gains when VITA reach at high price. Not so helpful with those who took VITA at 1.8 – 2 though.
On our latest weekly chart, we couldn’t find any indicator for this to reverse its path after the Shooting Star. Also it went below 50% Fibonacci Retracement level so this level now becomes our resistance. We still have to wait for a good reversal signal. When? I have no idea yet.