Friday, November 13, 2015

Vard: Managed to predict the SELL on Rebound yesterday....

Now at 0.315…..  Can the 0.300 hold?

Sent: Thursday, November 12, 2015 10:18 AM
Subject: ******** Vard: More inclined towards the downside, today's rebound may provide opportunity to SELL. price 0.35
From previous sell call, we have seen a breakdown indeed and a low of 0.315 yesterday. Today we have experience strong buy ups as it rebounds to test this support turned resistance at 0.35 – 0.36. Longer term trend is still down with all moving averages pointing lower still so be cautious for any long position in the short term. It has been trading below the channel resistance line all along since Oct 2014. Resistance will be at 0.38 next where one can consider CFD short positions to ride the downside again back to 0.30 then 0.28. Indicators looking weak still in the longer term.

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