I first analyzed VS on 8 March 2017 while it was still trading at 1.67 while VS-WA was at 0.315. VS has since hit the first 3 targets (1.80, 2.03 and 2.18) and VS-WA is currently at 0.62.
According to VS's daily chart above, it broke out on 24 July and subsequently hit 2.21 with strong volume. After that, it has consolidated via a flag pattern for more than a week with decreasing volume.
The bullish flag is pending a breakout (above 2.21) in order to resume its bullish movement. The volume flow for VS is very healthy and the bullish legs are expected to be sustainable.
Based on the flag projection, the immediate target price for VS is 2.47.
If you like leverage, VS has a warrant, VS-WA with a gearing ratio of 3.5 and a premium of merely 5%, expired in Jan 2019 (522 days left), which provides a great trading opportunity.
I am bullish on VS when it is trading above 2.06.
Leave me a comment below and let me know what you think. If you have any queries or want to share the next big stock with me, feel free to contact me via my email or FB page below.
How to determine the "bullishness" of the patterns- https://www.facebook.com/BursaSGXcandlestick/videos/378260995905662/
The Trade Management Technique You Need To Know - http://klse.i3investor.com/blogs/candlestick/114496.jsp
Best Way To Learn To Trade Without A Mentor - http://klse.i3investor.com/blogs/candlestick/113821.jsp
Entry Setup Illustration - http://klse.i3investor.com/blogs/candlestick/113605.jsp
Stop Loss & Safe Trading - http://klse.i3investor.com/blogs/candlestick/113510.jsp
Position Sizing - http://klse.i3investor.com/blogs/candlestick/113061.jsp
Come Up With Trading Ideas & Turn Them Into Investing Ideas - http://klse.i3investor.com/blogs/candlestick/114110.jsp
Cheers,
Ming Jong
Get Update From ==> http://www.vipplatform.com/lp/ideas/
FB Page ==> https://www.facebook.com/BursaSGXcandlestick/
Telegram Channel ==> https://t.me/BursaSGXCandlestick
Contact Via Email ==>
Created by Ming Jong Tey | Jun 29, 2017
Created by Ming Jong Tey | May 25, 2017
Created by Ming Jong Tey | May 21, 2017
@musangfoxking I hope so and it is likely based on the chart. FA wise, there are at least 4 IB covered VS ranges from 2.35-2.85
2017-08-04 09:26
musangfoxking
can hit 2.50 by year end?
2017-08-03 20:35