Can Vast Resources sustain this bullish breakout?

Vast Resources shares (LSE:VAST) may be able to sustain the current bullish breakout in the market, taking advantage of the ongoing bullish momentum.

4 EMAs are used in this analysis and they are EMAs 10, 20, 50 and 200. The color that represents each EMA is shown at the top left part of the chart.

The EMAs are not currently supporting a particular directional bias. However a very strong bullish breakout has been witnessed this week, followed by a short-term sale.

The bullish breakout on Vast Resources is expected to be sustained, for price may go upward to reach the resistance levels at 0.6, 0.8 and 1.0 within the next several weeks.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ Mindset: Trader's Mindset

  

Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha

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