Great week ahead!20 Sep 2021 08:38
The daily and weekly chart for VAL is looking great. Very bullish breakout last week. We should be around +50p before any news on a deal.
Three Premises of Technical Analysis
There are three premises on which the technical approach is based:
1)Market action discounts everything.
2) ***Prices move in trends***
3)***History repeats itself. ***
I ) On 27Th April 2020, we moved from 2.5p to 23p = 920%
2) On 10th August 2020, we moved from 8.25p to 73p = 884%
We have started a NEW TREND. We have a higher highs. Confirmed twice. This is not what i think I'm just reading the charts.
3) On 8th Sep 2021 we started our move from 19p to XX. We need to break 35p to comfirm a breakout.
If we have a 900% move like the past two times then you are looking at £1.80 to £2!
GLA!