VC for Double Breakout?
Updated
VC closed Green on Friday (8 May 2020) at 7.5c after breaking out the resistance levels as per blue-dashed trendline and Ichimoku Cloud's lines. Might look interesting is to break soft resistance of 8c before testing the next resistance levels 11.5c then 14.5c/17.5c as per Fibonacci Retracement levels, Ichimoku Cloud's lines and past candlesticks pattern. Nearest support levels are seen at 6.5c, later 5c. Stoch looks good with crossover for buy signal and about to moving out from oversold region. Overall, Ichimoku Cloud’s lines showing uptrend for VC. My 2 cents. TAYOR.
Trade closed: target reached
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