$VML.ax ASX 1Day chart$VML.ax a rare earths name, breaks out of down trend and setting for a new primary move, RSI shape is ideal, retest is complete, and feels ready, worth a look.
−4.77MAUD
3.923B
About VITAL METALS LIMITED
Sector
Industry
Headquarters
Sydney
Website
Founded
2004
ISIN
AU000000VML1
Vital Metals Ltd. engages in the production and exploration of tungsten and gold minerals. It operates through the following geographical segments: Australia, Canada, Burkina Faso, and Tanzania. Its projects include Nechalacho and Wigu Hill. The company was founded by William James Ryan on December 9, 2004, and is headquartered in Sydney, Australia.
$VML trendline breaks, reasonably hi prob news coming$LYC is a monster leader, $VML is not! However with big momma RE so strong, and VML breaking that trendline, its a pretty reliable tell that news is inbound. Lets see.
Getting ready for a move?Price descending on decreasing volume
The resistance line at 0.057 has existed since 2010
The RSI has failed the uptrend and may descend to 39 before finding long term support.
Overall I am going to wait for price or RSI triggers before moving.
$VML got rejected by teh VWAP. Falling back to TL and cornerBIG DKN bullflag ther eguys. FUll dimensons the thick lines.
MIn bullflag there should wedge into the corner and pp in a few days. BUt e choppy on the way up, I reckon.
Vital Metals $VML #VML #ASX #REE Rare Earth PlayStarting to tighten, buyer strength growing.
Continuation in pattern following a break is what you want to see.
$VML Vitally importna twe don't miss the boatSo.. the dom gradient in this guys is tough to see.. had to go dow to the hourly to identifyu it. Think that's correct. ANd that means when she gets through teh dashed line, it should pop and not go back under it.
RSI70 looks nice and high.
bullflag exiting a bullflag.
VML - Trade PlanVML is a stock in the Rare Earth space and I expect it to propel higher. This stock could go up straight from the current level of $0.067 or pull back a bit towards the trendline support around $0.055. In any case, I am bullish VML and am looking forward in taking a buy position. Lets see how it dev
VML BreakoutPotential Bullish breakout on VML considering:
1. Rising volume
2. Oversold Stochastic Rsi
3. Trendline support
4. Upwards trending SMA
5. High MACD
6. Rising triangle
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