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Vermilion Energy Inc. (VET.TO)

The technical picture for Vermilion Energy (VET.TO) continues to improve. Earlier this year, the shares completed a bullish Ascending Triangle base with a breakout over $10.00, then consolidated in a higher range between $7.00 and $11.00 for a few months. An October breakout and push toward $15.00 was followed by the recent low-volume correction where declines were contained above $11.00 as previous resistance reversed polarity to become support, a sign of continuing underlying accumulation.

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