Vard- breakdown below 0.48 support seen yesterday as mentioned

Let’s see if 0.45 holds now?

Sent: Tuesday, March 31, 2015 4:33 PM
Subject: ****************** Vard- breakdown below 0.49 support, not a good sign. price 0.465

As mentioned in previous email, Vard has broken below the 0.485 – 0.49 support today and this could be the start of it heading back down again to 0.400 level after the surge seen. CFD SELL calls can be used to ride the downside till then. Has been supported about a week above 0.485 but support did not hold today and quite a clear breakdown seen. More downside below 0.48 – 0.49 resistance now. Temp support may be found at the 0.45 level. Careful long positions. As mentioned previous, The over trend is still downwards with all 3 moving averages still pointing lower at the moment.

Sent: Wednesday, March 25, 2015 9:19 AM
Subject: ******************* Vard- Consolidation after huge surge, price 0.51

After the huge surge as in previous breakout calls, Vard range is now at 0.49 to 0.54. It may consolidate within this range for a few days before more direction seen again. The over trend is still downwards with all 3 moving averages still pointing lower at the moment. However, any breakout above 0.54 – 0.545 can see it trade back to 0.600. Only a clear break above 0.600 would invalidate our bearish scenario. For now, there is still a possibility for temp technical rebound if it can cross 0.54 – 0.55 immediate resistance level. A breakdown below 0.48 – 0.49 can pave the way back down and see it resume it downtrend towards 0.400 psychological support level. Stop loss at 0.48 for long positions within range.