ASX: VTG - Vita Group Limited

Factors
1. Price has experienced a LT downtrend (Starting April 19)
2. Recent price is poking out of it's LT downtrend
3. Price slowly building a base with a short term resistance at $1.235 .
4. EMA is converging and all pointing up.
5. There is an overhead gap at $1.365 which I would be looking to target, $1.550 if we're feeling more ambitious.

Possible Reasons For Failure
1. No breakout/bullish price action at $1.235 to initiate trade
2. Prices may continue to downtrend
3. Base may breakdown at the short term resistance

Watchlist and keep an eye on, mainly at $1.235 level.