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Will Vimy Merge With Deep Yellow? Let's Ask The Chart

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OTC:VMRSF   None
Vimy Resources VMRSF has been making a few different patterns that indicate it's about to launch higher. Deep Yellow just put out a press release that they are halting trading until Wednesday, which might mean that their merger with Vimy is being finalized. I don't know how the price action knew this. Contrast the price action here to other uranium stocks, which are all coming up to resistence levels. VMRSF just completed forming a double basing pattern, a reverse head and shoulders pattern, and a cup and handle breakout pattern. The price broke the 50% Fib level a while ago. It could possibly go up. Trade wisely and good luck out there.

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