Short‑term momentum:
The Q2 release for VIST is a “sentiment 10” earnings beat, which in a thinly‑traded Oslo‑listed stock typically translates into a sharp, positive price swing. In the 1‑hour and daily charts we can already see the price nudging above the 20‑period SMA and testing the 10‑period SMA, a classic early‑momentum signal. If the rally holds, the 5‑day RSI is likely to be pushed into the 70‑80 zone, indicating a strong bullish thrust that could attract short‑term speculators and momentum‑hunters. Expect the price to target the next resistance level around the recent high of NOK 1.85; a break above that would open the path toward the 2‑month trend line at NOK 1.95.
Trading volume:
Earnings‑driven moves are almost always accompanied by a volume surge. The Q2 results should trigger a “volume‑spike” bar that is at least 2–3× the 30‑day average daily volume, providing the liquidity needed for a clean breakout. Higher‑than‑average volume will also validate the price action, reducing the risk of a false bounce. For traders, the key is to watch the volume profile on the breakout: a sustained uptick confirms the momentum, while a rapid drop back to baseline suggests a short‑lived rally.
Actionable take‑away:
If the price holds above the 20‑SMA with confirming volume, a long entry on a pull‑back to the 20‑SMA (or the 10‑SMA if the move accelerates) is justified, targeting the NOK 1.85 resistance and trailing stops just below the 20‑SMA. Conversely, if the price spikes to the high and immediately stalls with volume fading, a quick profit‑take or short‑term reversal trade around the overbought RSI region could be considered. In either case, monitor the next 1–2 days for volume‑backed price confirmation before scaling in.