PennyStocks101

VEON 52 Week Highs But Long Way To Go

NASDAQ:VEON   VEON Ltd.
VEON finally popped its head over that pestering resistance level that it failed to break for months. Now the real fun begins (so to speak). It's back in this no-man's land that it hasn't traded in for some time. What I'm watching is to see if the resistance level finally becomes a new support. Then the tall task: filling and breaking back through that old gap.

"Veon Ltd (NASDAQ: VEON), for example, provides connectivity and internet services. In Pakistan, its operating company, Jazz, recently secured a roughly $320 million syndicated credit facility from a banking consortium led by Habib Bank Limited. This facility will finance the company’s ongoing 4G network rollouts and technology upgrades, among other things."

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