Tuesday, February 24, 2015

Vard- Breakout above immediate resistance after slight consolidation

Can it cross above 0.600 psychological resistance now as mentioned this morning? Now at 0.595

Sent: Tuesday, February 24, 2015 9:16 AM
Subject: ****************** Vard- Breakout above immediate resistance after slight consolidation, price 0.58
Vard has formed a new high today on top 5 volume as it breaks above the 0.575 two weeks consolidation resistance. Seems like heading towards the 0.600 level. Any breakout above there can again pave the way to 0.64 in the short term. 20 DAY MA Line finally looking at a reversal and pointing upwards after trending downwards since June last year, raise stop loss to 0.59 on a further breakout above 0.600. J

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