Validian Corp (fka VLDI)

[Surwin]

Since 2013 when VLDI hit a high of .105 in has been making lower highs and lower lows on an annual basis. So for the last 5 years VLDI has been in a downtrend. Of course that changed this year When VLDI on one day May 31 put in a high of .10 only to close at .0299., Since then VLDI has been stuck in this trading range between .03 and .015 now for over two months. Last year's high was .027. Like I have been saying due to all the convertibles that are stuck with exercise prices of .03 makes for strong resistance at .03.

So yes as far this year goes VLDI has made its first higher high in over 5 years on one wild day and as far as the low goes the 2018 low was .0046 and this years low is .0061 so far, but the year still has 3.5 months to go which is penalty of time for VLDI to make new lows. The currect charts show that if VLDI breaks out with a close above .03 VLDI could change its direction. One day does not make a trend, normally you look for at least 3- 4 data points for confirmation.