If you pull up a five year chart you well see for the last five years VLDI has been making lower highs and lower lows on an annual basis. A constant decline and only until last week on some ridiculous rumors the stock finally broke that trend since last year high was .027.
If you look at a 2 year chart you will see that over the last two years .03 has been a strong resistance level and it continues be so. BTW when I go back in time I usually look at weekly and monthly charts because they give a clearer picture because they eliminate the noise level from daily activity and wild swings. fwiw
I absolutely agree if it looks like a duck, walks like a duck, and quacks like a duck, it is a duck. VLDI for sure fits that picture.
"Sarcasm is the last refuge of the weak mind". (Dostoyevsky) and "The important thing is not to stop questioning. Question everything" (Albert Einstein)