Wednesday, December 16, 2015

Vard: Sell down as Predicted previously then a Rebound today.... is it temporary only?

Headed to a low of 0.225 over the past few days and a rebound seen today.... Is it still negative?  Now at 0.25

Sent: Thursday, 3 December, 2015 9:06 AM
Subject: ********** Vard: Still below the 0.300 new resistance level, price 0.285
From previous call, we are still seeing weakness in Vard with it unable climb back up above the 0.300 psychological resistance now. Looks likely to test the support at 0.27 – 0.28 which was the low set in Aug. Beware of any breakdown below this level to a new low where we can expect a move towards 0.200 next. CFD SELL on a breakdown. Cautious long, MACD negative with all 3 moving averages pointing lower with no reversal in sight as of now.

Sent: Friday, November 20, 2015 9:37 AM
Subject: *********** Vard: Breaking below 0.300 not a good sign, price 0.295
Support above the 0.300 psychological support level over the past few days BUT it seems like some selling below this level again today. Note that staying below can see more weakness as it finds a new low towards 0.27 first. A target of 0.20 can be expected on a further breakdown below 0.27 with all 3 moving averages pointing lower. Macd negative.

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