Vard: Trading all the way back down after sell call issued on 1st July..... can the 0.40 hold now ?

Now at 0.435!

Sent: Wednesday, July 01, 2015 9:36 AM
Subject: ******* Vard: Potential breakdown below 0.55 further, price 0.555

Vard has traded back to its support around the 0.55 region after heading to a high of 0.615 last week and dipping on market weakness. There can be more downside to 0.50 – 0.52 if the 0.55 support breakdowns further with Stochastic also starting to reverse downwards on yesterday’s price action. Longer term 200 day MA line still sloping downwards where we can see that longer term trend still negative. Cautious any long positions below 0.55 for a short term trade down where CFD SELL can be use to profit from the weakness.