Should he stay or should he go?

  1. 10,543 Posts.
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    Technically VRI looks quite interesting.

    Bounced (eventualy) off the 61.8% Fib retracment at 59c delineated from the low of 30c in Oct '01 and the high of $1.05 in June '02. So its a long cycle.

    VRI is clawing its way back up through the various resistance levels, faltered around 67c and has bounced back down from 76c. If it can break 76c convincingly then look for more resistance at 87 otherwise a pullback to 59c is entirely on the cards.

    Recent action has not been on particularly convincing volume it should be noted.

    Trend is weak but OK. Better options out there.
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