RSI on vba hasnt been this low, moving into oversold territory, since march 2009, coming down right on horizontal support and 6mnth trendline support from the november low at 45c. Forming a wedge at this point and really needs to get over about 68c to break it, so needs to find support here and maybe trade into the nose before breaking up. Negatives are the asx is under pressure seemingly preempting a US pullback, and the decline gradient on vba is very steep at the moment. Also vba should have found support at 65c and didnt. All in all cant see this stock getting that much cheaper from here. probably a buy around here at 60c, screaming buy at 55c if it gets there. Personally i will probably be looking for a rounded bottom of some sort with the market in a bit of a hole as it is
VBA Price at posting:
59.5¢ Sentiment: None Disclosure: Not Held