VELO - Expecting more downward pressure
As expected VELO fell again today. There was not a lot of support around 2.5 and with such a red day (-8.58%) I expect it to fall further before finding stronger support.
I will be looking to re-enter when buying volume increases, either in the 2.2-2.3 area or in the 1.9-2.0 area.
Short term bearish, long term bullish.
I will be looking to re-enter when buying volume increases, either in the 2.2-2.3 area or in the 1.9-2.0 area.
Short term bearish, long term bullish.
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