Business model is to make large invest in small startups and taking an equity and control role to help those companies grow as fast as possible.
If you notice the price movement is getting more snug so to speak with the long term trade. Whereas previously, it rarely challenged the trend, recently, its hovering closer and closer now.
The reason for the large increase in August is that VST has developed a 15 minute test for Covid-19.
VST gives you exposure to a variety of markets, it is well diversified (Healthcare, gaming, digital services, Covid play, etc...)
Reversal signs:
MACD and RSI look promising, oversold with room to flip over and the MACD is showing a possible reversal. (Confirmed)
Bounce of the current level that can be confirmed (waiting) Break above long term tend (waiting) Confirmation of break above (waiting) Breaks above the 6 and 20 day moving averages (waiting) breaks above longer term moving averages (waiting)
Comment
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Looking at the conditions I had for entry:
Bounce of the current level (CONFIRMED) Break above long term tend (CONFIRMED) Confirmation of break above (Will likely be confirmed tommorow) Breaks above the 6 and 20 day moving averages (CONFIRMED And it now has the support of the 100 day moving average!) breaks above longer term moving averages (CONFIRMED)
So it went to test the .75 as expected but didn't have the momentum to break it for now. It now seems to want to consolidating around a .63 support level (same as seen back in Oct). So I will wait to see it this holds before adding as the next support would be .55
johnvee1111
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Still 100% in on this one. Decided to give it a few more days this week as it's showing a nice slow uptrend since the news and want to see if it can break its next peak level of .75
Madcaptains
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Price, it’s ok to go up. You dont have to stall all day.
johnvee1111
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@Madcaptains, Has this one lost all its steam already ?? Surprisingly disapointing a little I would say...but still 100% in for now...
Madcaptains
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@johnvee1111, yeah I agree. I was expecting a little more. I dumped half of my position on Tuesday and will keep the rest for now. Let’s hope for another move up
tsx_trader
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@Madcaptains, It was propably good to lock in some profits. I think there are clusters of resistance. Then it will move up
@tsx_trader, looks like it. I'm giving it another day and I'll start lowering my position by EOD if still not clear uptrend movement picking up. Yet surprised that the news didn't create more interest. Oh well...
johnvee1111
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@tsx_trader thanks for sharing the great news and for bringing our attention to it a few days ago ! I think this one could very well make it’s way above 1$ In the coming days.