Vast Renewables Stock Forum

R30R : Volume isn’t churning fast enough

TrendTraderOP R30R: Agreed. Definitely still watching

Den the Dragon : let's go

100k : now going to 7?

100k : halted

TrendTraderOP 100k: Idk, it halted at 6.49, and it needs solid above 6.5 to keep going.
I saw a bunch of sell orders going in at the halt, so while I’d like for it to continue up, I’m concerned it will open lower and lead to panic selling.

100k : Sure it can get to 7 today?

TrendTraderOP 100k: My comments are only good for the time they are made as they are based on the momentum at that time.
If it reverses, sure there could be a chance of recovery.
It also could be a one and done. There is no way to know without watching.

TrendTraderOP 100k: So at the time of posting, those were the next upwards targets.
That level was not reached, and so people took their profits and ran, and others may have sold at a loss or their stop loss levels were hit, leading to a dramatic decrease in price.

100k : so what's next target now

TrendTraderOP 100k: Currently it has not broken the downtrend. I don’t typically short stocks (except for put options), so I don’t usually make short targets.
For a reversal it needs to reclaim vwap and then have upwards movement with volume incoming.