Vibrant Group

Vibrant Group - 16th July 2016

Vibrant Group after hitting the low of 32 cents on 1st June 2016 it had gone into a neutral mode.Recently it had managed to stage a strong recovery to head higher to touch 44.5 cents on 12th July 2016.This is generally bullish.

The current price of 42 cents is staying above the SMA lines which signify strength and is generally healthy/positive and may provide the the momentum for driving the share price higher.

Both MACD & RSI are still rising which is also indicating that the share price may continue to trend higher.

Short term wise, I think it may move up to re-attempt the recent  high of 44.5 cents.Crossing over 44.5 cents with good volume that may propel to drive the share price higher towards 49 cents with extension to 55 cents.
(Trade base on your own decision)