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VTG

ASX: VTG - Vita Group LimitedFactors 1. Price has experienced a LT downtrend (Starting April 19) 2. Recent price is poking out of it's LT downtrend 3. Price slowly building a base with a short term resistance at $1.235 . 4. EMA is converging and all pointing up. 5. There is an overhead gap at $1.365 which I would be looking to target, $1.550 if we're feeling more ambitious. Possible Reasons For Failure 1. No breakout/bullish price action at $1.235 to initiate trade 2. Prices may continue to downtrend 3. Base may breakdown at the short term resistance Watchlist and keep an eye on, mainly at $1.235 level.
VLong
by forexpunter