1. Most Discussed
  2. Gainers & Losers
VRE 2.0¢

opinions

  1. zmemed

    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.

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top