Yes I was trading VBA...and daytraded it on Friday...was strong offscreen buying at 30.5 cents...but agree from TA perspective risk of falling below 30 cents based on possible 3rd black candle and market environment VBA operating in..
Namely ;atter being price war with Tiger and Quantas which is killing them and they are most exposed to domestic downturn/loss of consumer confidence as don't have big offset with business and international travel segments like Qantas...
Could still bounce on Monday but regardless of whether bounces Monday yes still is a risk to downside from here in short term...I don't know which way it will go so hence will just daytrade it....
Also nice to see some humility here as you have to remember/be sensitive to posting when you see shares with big falls as means pain for holders with decent exposure and we have all been there and our own next bad trade might also be around the corner....so chin up guys if holding for as I said there seem to be some major offscreen buying on Friday which should hopefully limit further downside from here if does fall below 30 cents...
VBA Price at posting:
31.0¢ Sentiment: None Disclosure: Not Held
