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zulu2022
Mar 31, 2022 2:54 PM

AVL VCP breakout MM  Long

AUSTRALIAN VANADIUM LIMITEDASX

Description

VCP breakout
Ignoring fundamentals

VCP
T2
38% , 31%
Tight narrow range and volume contraction

Pivot point breakout seems to require large volume to be successful

Will monitor from here - not currently in this stock
Comments
sumbloke077
I recommend being cautious of the old "pump before a Cap Raise" on this one. The January cash flow statement had less than 2 quarters of cash in the bank, so a C.R. is coming very soon :-)
zulu2022
@sumbloke077, that's my current dilemma: Stock with good fundamentals - lacklustre share growth. Companies in hot sectors "Lithium/gold/nickel" with zero sales - stellar share price movement....
zAngus
Good call... Rockets on that one.
zulu2022
@zAngus, Brave to jump on
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