lol you guys have changed your tune, funny that. You got me on ignore sharks? Not really sure how you can say "the daily chart still looks bad" when it clearly bounced off support. "Touched horizontal support" lol what about the ascending trendline sharks? Thats what saved it.. imo.
Anyway best of luck to both of you especially selmax with his short posi, lol.
For those who are trying to work out whats going on, well it's simple, forget the fundamentals here ATM imo, this is all technical and being in the ASX200 the stock is traded by fund managers/brokers etc who are trading big parcels based on TA. You guys who don't understand TA and think it's tea leaves, self fulfilled prophecies etc should do some basic TA research imo.
Anyway I am profiting, bought at .655c (March 26th)(see post #77940 ""VBA.. .655c should hold and start reversal imo"" & sold at .71c. Bought again at .605c and will sell when the time is right. Who knows I may even go long if it starts to get momentum, which would not surprise me. Let it fill the gap back to .64c and then see what happens.
VBA Price at posting:
62.5¢ Sentiment: None Disclosure: Held