To put it very simply, having breached my 60p target I think the price is now on course to meet its long term trend channel bottom, around 43p. This is not necessarily a bad thing - unless you bought during the first half of 2006, in which case I envisage you will have to wait quite some time before breaking even.
The chart below is my guide. Not up to Ashley's high standard of detail but its truth leaps out at me. Good luck.
Victoria Oil stock quotes
Victoria Oil stock charts
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