Vard - Breakdown spotted below 0.600 few days back !

Question.  Did you get out of your long position, or did you participate in the downside by shorting ?  NOW AT 0.555

Sent: Monday, May 11, 2015 5:14 PM
Subject: *************** Breakdown Spotted: Vard - negative below 0.600 now, price 0.585

Vard was supported above the 0.600 level for about 2 weeks and rebounded to 0.66 previously. However, today we have seen a breakdown of the 0.600 psychological support level which also coincides with the 20 DAY ma LINE. Note that this is not a good sign and we can see it trade lower if 0.55 support does not hold as well. Range would be from 0.55 to 0.60 now and CFD SELL can be used to ride the downside especially if 0.55 breaks down further where we can see it trade to 0.50 then 0.45 which were the support last month. Longer term trend still pointing lower so one has to be careful for any long positions. MACD indicator pulling back at the initial stage with stochastic also reversing downwards. CFD SELL on a further breakdown.