GGC, I like the background in the weekly chart - its established a nice basing pattern since March - but the high at 5.56 was tested 2 weeks ago & its pulled back from that. On the daily, Friday's candle is not positive especially with the increased volume behind it. A re-test of 5.56 would essentially form a nice symmetric cup & handle imo, but I will wait at least until the price recovers to close above the high of last Friday's candle, i.e. above 5.48 although it would be safer for price to close above 5.56 at the weekly level to confirm the breakout of the basing range (imo).
Cheers, Sharks.
VRL Price at posting:
$5.39 Sentiment: Buy Disclosure: Not Held
