paper_value

ASX: VTG VITA GROUP

Short
ASX:VTG   None
I am not confident of Vita's price movement lately. It has broke out of the falling channel but a double top has formed and prices are likely to reverse. Watch out for break and confirmation below $0.93.

Target short @ $0.52.

A price above $1.415 will invalidate this bearish view.


Background: Vita diversification strategy involving a move into cosmetic clinics. Vita Group is best known as the operator of Telstra branded stores.


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