Vista Gold Corp (VGZ)

[mortalmyth]

Interesting end of the day move in the VGZ share price.

As far as technicals, the RSI is at 34.73 and approaching oversold territory, so we may see some near term support in the next couple of days. However, the 8 and 21 ema are still heading downward so it could take a little time to reverse trend and stabilize. Looks like there could be some small support at $0.4612 so we'll have to see if it holds. Overall, many of the miners seem to be experiencing a bottoming phase as the POG moves sideways. And, fundamentally, I still like this stock and the potential it has to take advantage and leverage any positive moves in the precious metals prices.

Good day to all.