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Tech Co.'s Stock 'Continuing To Strengthen'
Contributed Opinion

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Technical Analyst Clive Maund reviews VSBLTY Groupe Inc.'s 6-month chart to tell you why he believes it is continuing to strengthen.

Although we last looked at VSBLTY Groupe Technologies Corp. (VSBY:CSE; VSBGF:OTC; 5VS:FSE) only about a week ago I think it is worth bringing it to your attention again here to point out two things. The first is that its technical condition has continued to improve despite the minor dip of the past week or two with strong upside volume and its Accumulation line continuing to storm ahead. This stock has been aggressively and persistently accumulated by a person or persons or, more likely, an entity since late June, and if we make the reasonable assumption that they are not deluded or nuts, then they probably have good a reason or reasons for buying like this.

So one of two things is likely to happen, both of which should send the stock price higher, probably much higher. One is that they keep buying, but having mopped up available supply around these levels, they are forced to raise their bids and drive the price up. The other is that the reason for their buying becomes evident in the form of good news that will prompt buying by others. The second thing worth pointing out, which is the main reason for this update so soon after the one a week ago, is that this looks so promising that it is considered to be worth switching out of at least a portion of any losing positions you may have, on opportunity costs grounds into this.

VSBLTY Group's website.

VSBLTY Groupe Technologies Corp. closed at CA$0.075, $0.055 on August 18, 2023.

Originally posted at at 8.45 am EDT on August 21, 2023

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Important Disclosures:

  1. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of VSBLTY Groupe Technologies Corp. 
  2. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
  3.  This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here. Disclosures

The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.

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