Thursday, March 19, 2015

Vard- Breakdown below KEY support YESTERDAY as alerted on Monday to clients - NOW 0.435, were you prepared?

Breakdown below 0.485 seen fusriously yesterday, to a low of 0.425. Were you alerted on Monday ON CFD SELL? Check out call below !

Sent: Monday, March 16, 2015 11:38 AM
Subject: **************** Vard- weakness seen towards 0.485 - 0.500 support level.... CFD SELL on breakdown, price 0.52.
Vard has broken the 0.54 support over the past few days and headed lower, seems like some selling pressure after support broken where it can head to 0.500 then 0.48 which was the low in January before rebounding. More downside to 0.400 in the short term if the 0.48 – 0.485 level does not hold. CFD SELL to ride any downside in that case. Careful long positions. AS LONG AS 0.54 -0.55 is a resistance now, we are bearish with downtrend still intact to ride the downside.

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