*Vinvest: The Return of the Prodigal Son?*

In a sea of red over the past few weeks after the collapse of Silicon Valley Bank, Credit Suisse and others, Vinvest emerges as one of the rare few to be have such aggressive price rise today.

Vinvest has broken out of its descending triangle today to end at 0.245.

One wonders whether is it a complete change of guards and the beginning and a new upward wave.

It looks like we could see the share price attempting 0.260-0.265 tomorrow and we could potentially see 0.300 by the end of the week.

Perhaps we could see a potential corporate exercise in the near term, as its warrants is expiring Aug 2023.

The pattern for Vinvest, as per our research, is that every 2-3 years there is a small rally and every 5 years there is a big rally.

If so, perhaps we could see Vinvest going to 0.500 in the near term. Worth taking note and initiating position at low price. The upside from current price of 0.245 is 100%.

The Fibonacci Calculation for Vinvest target price is:
A) 0.2883
B) 0.3058
C) 0.3200
D) 0.3342
E) 0.3800
F) 0.4258
G) 0.4542
H) 0.5000

At 0.500, we need to revisit to see the condition of bull vs bear. To see whether will there be a continuation of the uptrend or there will be a retracement.