Can it clear 0.500 resistance now ?
Sent: Monday, March 23, 2015 9:41 AM
Subject: ********************** Vard- breakout above 0.44 resistance can lead to a short rebound, still a negative below 0.50 though, price 0.46
Subject: ********************** Vard- breakout above 0.44 resistance can lead to a short rebound, still a negative below 0.50 though, price 0.46
Vard has staged a technical rebound today and broke above the 0.44 resistance level, as such we may see a temp rebound back to 0.485 – 0.500 level which was originally the support level. However, note that overall trend is still downwards as long as it stays below 0.500 with all 3 moving averages still pointing downwards. Temp technical rebound spotted above 0.44 – 0.45 on top 20 volume can offer some short term strength.
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