VML - Vital Metals

[frugal.rock]

0.029 is its current price by volume average for last 6 months.
Around 0.031 for last 3 months.
Around 0.035 for last month.

It broke trend before and then went right back to it. I'm currently breakeven if I sell now. Below 027 and it's time to get nervous.

There's a good chance it will test 0.025 again... if it does, I would expect it to find decent support, touch n go style, as it would be stretching the band on the bottom end.

 

[over9k]

Thanks rock. I hadn't thought of the pva. The other one I'm itching to pull the trigger on is LTR. I'm hoping to get some in the usual slump between xmas & new year when the yanks sell everything off to realise their losses in that tax year.

 

[barney]

Follow up on Phil Coulson ...... He bought another 5 million shares two days ago for a lazy $160,000

He now owns over 200 million shares and +7% of the Company. Fair vote of confidence.

SP could go either way in the short term. Once we get through Xmas New Year I think it will stabilize nicely.

If it hold 029-030 till then all is well.

 

[Austwide]

Was tempted to sell when it broke trend at 0.034 last week, but only a week now for 12 month holding and reduced CGT.

 

[barney]

VML is still my major holding going into 2021. Had a positive price/volume day today. Lots of ebbing and flowing to happen here for a while but the SP is trickling higher at the moment.

 

[rnr]

VML is still my major holding going into 2021. Had a positive price/volume day today. Lots of ebbing and flowing to happen here for a while but the SP is trickling higher at the moment.

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Hi @barney,

Below is just my take from an EW perspective with both the end of wave 3 or wave c (whatever the wave count turns out to be) at greater than 0.043.
This would appear to line up with your chart.

Cheers, Rob

 

[barney]

Hi @barney,

Below is just my take from an EW perspective with both the end of wave 3 or wave c (whatever the wave count turns out to be) at greater than 0.043. This would appear to line up with your chart. Cheers, Rob

Yeah, Thanks Rob.

I don't use "Elliott" as such, but I would say, that the concept of Elliot waves makes way more sense with Stocks that actually have "something to offer" in at least the medium term.

Spec Stocks are possibly less reliable with "Elliott" simply because their fundamentals are "less reliable" in the short/medium term!?

However, with that in mind, the fact that VML is starting to exhibit traditional "Elliott" principles is actually another positive for the Stock in my view.

Of course, I may simply be biased given I hold a truckload of the Stock, lol ...

 

[barney]

Lots of ebbing and flowing to happen here for a while but the SP is trickling higher at the moment.

Got a bit keen today when this got bumped up to 036 at one point. Almost rushed out to buy some scotch fillet.

The Volume was not positive however and the Lads with deep pockets have slammed the breaks on hard this arv.

Not super keen on the current price action but hopefully its just a bit of a shakeout and 033 regains its momentum into the Close.

Certainly some trading going on around the 033 right at the moment ?

 

[over9k]

Yeah I noticed the other day that it likes 033.

That's green for me, but not by much.

 

[barney]

Yeah I noticed the other day that it likes 033.

That's green for me, but not by much.

She'll be right O9

Little bit of a mini shake-out to test the strength of the level by the looks.

Volume is back in at 033 (again) ... Until further news, this could be the pattern of play. Still positive (imo)

 

[over9k]

halfway tempted to torch it and stick the money in greener pastures tbh. meandering stocks annoy me no end.

opportunity cost & all that.

 

[barney]

halfway tempted to torch it and stick the money in greener pastures tbh.
opportunity cost & all that.

Yeah I understand that. The 033 level has been a sticky one. I think its not too far from breaking that level but unless you are holding plenty, the 001 increments can seem a bit painful I guess.

I'm in for the longer haul so happy to watch if it's being accumulated.

Cheers and good luck whatever you decide.

 

[over9k]

And it's pulled to 035 today. Haven't sold... yet.

 

[frugal.rock]

And it's pulled to 035 today. Haven't sold... yet.

In the wise words of Pooh....

 

[barney]

In the wise words of Pooh....

I never realised the Pooh was so clever Rock


My take on the current price action: (Assuming no News)

VML closed at 033 today but the VWAP was actually close to 0342

The low Volume tick down on the Close after most Trading was done a tick higher all day is a Bullish indicator till proven otherwise.

Volume is still only modest and looks like Accumulation is continuing at the 033-034 level.

Only a few days ago the Accumulation Range was the 030-032 level, so we appear to be slowly ticking higher.

All in all, short term Neutral with a positive slant in my view.


The Chart is messy but makes sense if you close both eyes and hum Amazing Grace

PS The CHART is a 1 HOUR chart from 21st December 2020 - 13th January 2021

 

[over9k]

Jeez, I should have threatened to sell this off weeks ago, it's up to 038 today.

 

[over9k]

Alright stock market gods, I'm planning on liquidating my entire portfolio within the next few days.



(I now anticipate massive market gains right across the board once they read this)

 

[frugal.rock]

Jeez, I should have threatened to sell this off weeks ago, it's up to 038 today.

Some more Pooh wisdom for you...

 

[barney]

Alright stock market gods, I'm planning on liquidating my entire portfolio within the next few days. (I now anticipate massive market gains right across the board once they read this)

Lol. If only it worked that way

Just home from doing some real work to see the nice little jump across a few of the Rare Earths Stocks.

Given the Spec appetite at the moment, I thought another push was almost overdue.

VML +11%
NTU +15% Resource Announcement pending (TH)
PM8 Modest 2.5%
REE Up a massive 21%

Today's VWAP on VML was a little over 036 cents so maybe a bit more Rotation is due between 035-038 for a few days.

Anything better than that and I'll be almost as happy as this little fella

 

[over9k]

To be fair, all three of those have done nothing but melt for months since their initial bounce:

At least VML has some kind of trend:

If I still held the other three like you appear to, I'd be selling.