Villianz

I went through the most active stocks today and Villianz happens to be one mark out in red. So I too a look.

Fig 1 Villianz Weekly Chart

 

Base on the chart I got a feeling that it is in process of a bottom formation, and it is multi-years. At the same time, it is possible that this counter may be stuck within the range from 0.03 to 0.22.

 

At the moment, it is inching p an in the short term, it broke the trend resistant line, but the moving averages are showing signs of down trend.

 

Fig 2 Villianz Daily Chart

 

On a daily basis however, the moving average is poised  for a golden cross up-ward. IT is also supported by both RSI and Stochastic which is also inching up-ward. I believe that is an indication of up trend, but no promises.