As you can see above, it appears that after spending a significant amount of time under $.01, VGLS has now built some momentum in recent weeks and has found support at the penny level.
This could be a major signal for a continued move up the chart.
At current levels (12:30PM EST Friday), VGLS is trading above 2 key lines of potential support in it its 50-Day Simple Moving Average and its 200-Day Simple Moving Average.
When a valuation falls towards these lines after trading above them, it may bounce back towards previous highs as people can view them as lines of strong potential support.
The more potential support builds up, the more possibility for a continued vertical move up the charts.
Additionally, as you can see in the chart, recently VGLS was trading above the $.02 level before falling back to the $.01 level.
At $.01, there could be a lot of potential support as for the most part VGLS didn't fall to much lower before eventually bouncing all the way to a high just short of $.02.
Now, with VGLS once again falling towards that $.01 level, could we see another major bounce start forming?
Your No. 4 VGLS Potential Driver Indicator - History Of Short Term Breakouts
This profile has been known to go on staggering short term and even intraday breakouts.
Here's a list of to take note of:
1.) On February 4th, VGLS opened at $.0119 and ran to a high of $.0156 for a solid 31% intraday move.
2.) On January 12th, VGLS opened at $.01 and ran to a high of $.0247 for a smoking hot run of 147% intraday.
3.) From a low of $.0048 on January 8th, VGLS cruised to a $.01 high the following session for a short term burst of 108%.
As you probably noted, this has only been during the calendar year.
If you dig deeper and go back to 2020, you can find a multitude of other short term double digit and triple digit moves from VGLS.
Could its next major surge be right around the corner?
Your No. 5 VGLS Potential Driver Indicator - New CEO
VG Life Sciences Announces New Chief Executive Officer
Park City, Utah (November 30, 2020) VG Life Sciences, Inc. (“VGLS” or the “Company”), today announces that the Company has appointed James Wolff as Chief Executive Officer of the Company. Mr. Wolff will also serve as Director to the Company.
Mr. Wolff has over 40 years of experience in the energy, mining and transportation industries, with a diverse background in finance, operations and business development. Mr. Wolff possesses substantial IPO, M&A and divestitures experience with companies generating revenues between $300Mn and $8Bn.
Read the full article here.
VGLS Potential Driver Indicators Recap (Top 5)
1. Major Acquisition News
2. Bullish Technical Indicators
3. Trading From Potentially Strong Support/Bounce Potential
4. History Of Short Term Breakouts
5. New Company CEO
Coverage is officially initiated on VGLS. While you have a moment now, do this to make sure you don't miss any updates: