VRE 0.00% 2.0¢ view resources ltd


  1. 846 Posts.
    Since Jun 2003 VRE has stayed well above its 30 week MA but just recently it has dropped to just above it. On Mar 12 it dipped below its 21 Week MA which was a forewarning and now with it threatening the 30 Week MA it will require close watching.

    Coupled with declining RSI and MACD one have to be tad nervous here.

    The Bollinger bands are tightly converging so there is a sharp movement imminent but will it be a bounce back upwards or a sharp decline?

    You'd have to say the odds are in favour of a dip but I for one will be watching for the possibility of a bounce as it will be significant if it comes.

    I hold a small parcel of VRE shares.
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