Validian Corp (fka VLDI)

[Surwin]

When a buyer makes the mistake of putting in a Market order vs a limit order on any penny stock it has the likelihood of shooting the stock price up above the ask for that trade especially if it is above an average amount of shares and once filled the price comes back down to normal trading range. That is exactly what happen today when someone put in a market order for about 260,000. A fool and his money will soon be parted.

Volume has been average and yes it looks like we are probably headed higher since we did break above the .0575 resistance. The 52 week high is only .062 so if we take this out we are probably headed to the next resistance at .075.

Technically the charts still looks good, even thou they are somewhat over extended.