When I look at the recent daily chart I see it's had support on the ma20 during the last stochastic rebalance.
I wonder why this happens and I suspect it's a long term buy strategy by institutions managing risk by buying within so many % of the ma20.
The stochastic says to me it's not so overbought any more and considering there is no major sentiment shifts happening in the news I hope it may just be equilibrium.
Fib retracement also looks as expected from the break.
I hope it's going to hold ground all the way to the next figures are released in Feb.
d.
VBA Price at posting:
58.0¢ Sentiment: None Disclosure: Held