It’s Time to Purchase Vast Resources PLC
By
Azeez Mustapha
PUBLISHED:
29 Dec 2016 @ 21:48
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Comments (1)
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More info about Azeez Mustapha
It is now a good time to purchase Vast Resources shares (LSE:VAST), since it has begun going upwards, forming a clean “buy” signal.
Price moved within the Trendlines from October to December, and it has recently jumped upwards, now above the upper Trendline. At the same time, the RSI period 14 goes above the level 50. This is a “buy” signal.
Vast Resources is expected to continue going upwards, reaching the resistance levels at 0.5, 0.6, 0.7, 0.8, 0.9 and 1.0 before the end of 2017. This is a good time to purchase these shares.
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They are currently looking for new advisors, as the current company have resigned. If they don’t find one they could be de-listed (which obviously will make it tough to trade the stock). While this may not happen and they may find alternative advisors, I’m surprised it wasn’t mentioned in article (I do not hold the stock and am not trying to talk them down). They may well be a good gainer this year if they maintain their AIM listing. I’ll keep them on my watch list for now.