ASX stock Analysis VCX

ASX stock Analysis VCX

Time Frame : Daily Chart

Watching for Buy Entry Setup

VCX has not shown the enthusiasm as many other stocks thanks to the Pandemic lockdowns but we see that the interest is now coming into the price action. Buyers are holding higher levels off the lows and are now pressuring highs for a move back up to pre-pandemic levels. We are now watching the 1.78 level to see if bulls have the strength to break it for a new leg higher. Watching the action for a break and then a higher low to hold for the entry setup and run up to 2.40 and above.

Stock : ASX stock VCX

Current Price : 1.72

Status : On watch for a move above 1.78