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AsimMirzaTrader

VCX - Does it want to Move Higher?

Long
VICINITY CENTRES (ASX:VCX)  
AsimMirzaTrader  
ASX:VCX   VICINITY CENTRES
Trend Analysis Chart Patterns Wave Analysis ASX asxlong asx200 asx200long VCX
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trendanalysis chartpattern waveanalysis asx asxlong asx200 asx200long vcx
The Chart formation of VCX suggests to me that it may continue higher as it managed to bounce of decisively off the 200SMA and even managed to closed above the 50SMA and the Bearish Trendline with High Volume. I think it may go to retest the previous highs. MACD has also crossed indicating a continuation of the trend.

TP1 - $1.750 (potential gain 6%)
TP2 - $1.850 (potential gain12%)
Stoploss - $1.450

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
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