Thursday, January 21, 2016

Vard: NEW low with support breaking down again, no end to downside as of now..... price 0.159

Let’s hope our 2nd target at 0.150 hangs on for a while…..

Sent: Wednesday, January 20, 2016 1:32 PM
Subject: ********** Vard: New low on break below 0.184 support.... more downside still possible, price 0.175
Following up from previous sell call last month, we have seen Vard broke through the 0.200 support firmly. Was supported above the 0.184 temp support over the last few days but today we have experience another sell down below this support. Next support at 0.170 for now. There seems to be no end to the selling with markets also heading south and oil prices weaker again. Long term and short term all still pointing downwards. CFD SELL to continue to ride while we lower our stop loss to protect profits. Target can be to 0.160 then 0.150 next…. No one knows, just follow the trend and ride it, heck…

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