VHT - Technical analysis

- Supported twice at 1.500 before its latest run to 1.665 (Strong move to the upside)
- Breached resistance trend line to the upside and reached 1.665 (Breakout move supported with high volume)
- Failed to continue to the upside after reaching 1.665 and created lower highs (Sign of weakness to the upside, especially after the break out move)
- Four failed attempts in the two hr price chart to hold at 1.635 and end the last session at 1.600 ( Bulls have given up at 1.635)
- There is a high probability that share prices are heading down to test 1.580 support if it fails, then it might continue down to 1.550 and 1.500
- Share prices could continue to the upside if breaks through and remain above 1.635 and 1.665