Yes a whoopy 470,127 shares traded today or a total of about $5,500. Only 45 days left to make a deal this year and as alway there are a few buying into Bruce's latest spin story.
Yes this is going from $.01 to $40.00 in a blink of an eye or over the next 45 days. Ya right!
But I got to admit purely on a technical basis VLDI did break out above the 200 day SMA which was .0086 and was a buy signal, it now is overextended with the RSI at about 80 on a daily basis and at 61 on a weekly basis. Usually when the RSI gets over 70 it is time to sell and take profits when you are a swing trader. So VLDI looks overbought on a daily basis, but may have a little room to go on a weekly basis, so I would expect a pull back soon. Also another overbought signal is when the stock price has move above its Bollinger Bands on a daily basis which means you should look for a pull back as well back to inside the Bollinger Bands.
On a longer term note there is very little resistance until .025 if VLDI can resume its climb.
As always ones looks at volume for confirmation and volume has been building nicely if one looks at the weekly chart.
The important thing is not to stop questioning. Question everything (Albert Einstein), because Fools rush in where wise men never go!
