STsoh

Could price meet ATH 0.36? Before that break 0.25

Long
ASX:VIP   VIP GLOVES LTD
First time analysing this stock, looking at multiple timeframes it seems to be bullish . With price respecting support, divergence was formed and price started was slightly more volatile than before. Momentum showing bullishness after being neutral for some time.


Fundamental also seems bullish
> Quarterly Cashflow Report -The Company held $1.09 million in cash and cash equivalents as at 30 June 2020 which represents a $2.06 million increase from 31 March 2020
> VIP’s sales orders have been filled through to the second quarter of 2021, with recent orders at higher sale prices which vary, depending on the specifications and volume .
> VIP Gloves to boost annual output 60% with four new nitrile glove production lines.
> VIP Gloves set to benefit from strong outlook for glove market as outlined in new research report
Fundamentals for the past month shows bullishness.

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