Mother and son still very cheap... time to accumulate, don't miss this golden opportunity. After those subscribed to right issue finished sell off all their holdings, Vsolar will fly like XOX.
1) Traded volume reduced from Mon 363M => Fri 30M. The selling had been diminishing to very minimum. Either for big holders like Fintec to realize quick profit from the 34M units (bal holding 232M units) at 0.04/0.045 or retails traders being forced sell at 0.035.
2) TA indicators reached bottom by Thurs. Fri start to reverse from bottom.
3) Short term moving average lines reached bottom by Fri and start to form a U turn.
There is high probability that next week will be a rebound with resistance at 0.05 - 0.055, however if there is still remaining forced selling at 0.035, I will be glad to collect more (Fri matched some at opening).
Many penny stocks already moved up few hundreds percent like XOX, PHB, LAMBO, INIX, DGB, MQTECH, MLAB and many more. VSOLAR still very cheap at 4 cents might playing catch-up next week unless Fintec continue selling.
Most likely Fintec break even at 3.5 cents so they won't sell their holding lower than that. To profit from Vsolar they will only sell at 4 cents or higher. Later Fintec will help push up the price so that they can unload more shares higher than 4 cents, just like what they did at AT and AT-WC.
India now has more than 1 million coronavirus cases. What does that mean -- and how did the country get here? By: Julia Hollingsworth, Jason Kwok, Natalie Leung and Swati Gupta
Updated 0321 GMT (1121 HKT) July 19, 2020
(CNN)India became the third country after the United States and Brazil to report one million coronavirus cases on Friday, according to the country's health ministry.
Vsolar now is cash rich after the right issue so its a matter of time before it break the resistance at 5-5.5 cents especially with the gomen solar contract coming soon this September.
when it drop to 0.035, it was opportunity to buy but in reality most ppl fear to buy or even cut lose. when it rebound, only retail traders panic buy, on paper it already rebound 43% from 0.035 => 0.05.
5 cents still very cheap...even those multibillion share counters like Nexgram, EAH, LAMBO, EDUSPEC, Hubline, PHB and DAYA all recorded much higher percentage gains compare to Vsolar.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
greedy44444
2,497 posts
Posted by greedy44444 > 2020-07-17 17:59 | Report Abuse
Fintec not a long time investor, they buy shares to get quick profit