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| New
Technical Analysis on VTIFF / TSX V
VTI | |
 Hot
Stock to Watch |
Company: Valdor Technology
International Inc. (Pink Sheets: VTIFF)
(TSX-V: VTI)
|
Last:
Price: 0.1125
Change
(%): + 0.00
(0.00)
Volume: 0 |
 |
Last:
Price: 0.13
Change
(%): + 0.00
(0.00)
Volume: 23,800 |
 |
POINTS
- A golden cross occurs when
a moving average such as the 10-day average breaks up
through an average of longer duration (in this case the
100-day average). This is generally considered the start
of a bull market in the stock or index. Minor penetrations
can abort but once the stock or index stays above the
cross level for several days then the trend is set. In the
case of VTI the average gain after a significant cross has
been about 43%. Valdor is at the early stages of such a
golden cross. The possibility of an aborted cross exists
but the generally improved TSX-V, the very positive
fundamentals of VTI, the excellent chart pattern for VTI
and the fact that a significant golden cross is due, all
point to a continuing upward move. A similar 43% rise
would have the stock trading above 0.16 dollars as a
minimum. It is an important fact that the 43% average up
move occurred in a bear market environment. If we are in
the early stages of a bull market for the TSX-V then these
percentage moves can be far greater.
- The duration of the Valdor
up moves have averaged about 9 months, from deginning to
death cross. A death cross means that a shorter term
moving average falls below a longer term moving average.
This is often the beginning of a bear market in the stock
or index. Death cross values usually start well above the
golden cross levels. Golden and death crosses indicate a
major reversal in trend for stocks or indices.
- A spike in daily average
volume usually signals the start of a golden cross move
and another spike usually signals the top of the upward
move. Note the spike in volume around the middle of March
2014 and the price has surged upwards through the two
moving averages.
- Golden crosses in Valdor
on average occur every 9 months or so. The last one
occurred about one year ago, so one is now overdue.
- The stock price often will
push upwards through the golden cross value then correct
back to that level. The cross value of 0.1125 dollars was
breached and VTI went to 0.135 dollars initially and then
traded at 0.115 dollar days later. The price has returned
to 0.13 dollars and that is a good sign. The initial
upward cross brings out some sellers, who are weak stock
holders, and they are anxious to convert to cash. A strong
move overcomes that selling pressure and it appears VTI
has weathered that storm. The breakout price of 0.1125
dollars has changed from a resistance level to a support
level.
- Note the four charts
below. The first is a one year VTI chart and the second a
three year VTI chart. The next two charts are one year and
three year TSX-V charts.
- Another good sign is that
the offers (asks) on the stock have been decreasing
recently, indicating that the sellers are getting
exhausted. There are less than 200,000 shares showing
offered. This usually leads to a stock price appreciation.
See the table at the end of this document.
Continue to full report
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