Vast Resources Price: VAST Keeps Upward Momentum, Waxing Below 0.60

PUBLISHED: 13 May 2025 @ 10:02 | Comments (0) | More info about Azeez Mustapha

It has been over a couple of sessions showcasing that there has been a persistent increase in the way that bulls in the operational exchange of Vast Resources Plc (LSE:VAST) have been pushing against most shorting efforts, as the stock’s financial trade status keeps upward momentum, waxing below 0.60.

The shorter-term moving average continues to slope steadily upward, currently aligning near the 0.40 level, which acts as a key underlying support zone. A decisive breach below this area would invalidate the prevailing bullish structure, establishing a foundational technical shift that could signal the onset of renewed downside pressure—particularly if confirmed by the formation of a strong bearish candlestick.

Resistance Levels: 0.65, 0.75, 0.85
Support Levels: 0.30, 0.25, 0.20

From a risk-management perspective, should VAST Plc shareholders maintain exposure while price consolidates above the EMAs or wait for clearer confirmation?

The VAST stakeholders have to be strategic in their position implementation if they intend to consolidate positions above the positional values of the moving averages, as the stock market keeps upward momentum, waxing below 0.60.

The 15-day EMA continues to extend northward, maintaining a position above the 50-day EMA trend line—highlighting bullish momentum and reinforcing 0.40 and 0.030 as key support levels to monitor in the event of a potential trend reversal. Concurrently, the stochastic oscillators reflect an upward consolidation pattern, suggesting that the stock is experiencing measured accumulation within a broader bullish framework.

Learn from market wizards: Books to take your trading to the next

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

Follow @ItuGlobal

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Ltd. ADVFN Ltd does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.